Avago Q3 Earnings, Q4 Outlook Beat Estimates

By | August 28, 2014

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Avago Technologies late Thursday posted its fifth consecutive quarter of rising growth in both revenue and earnings minus items, fueled by an acquisition aimed at “reshaping the company” and sales to smartphone makers. Avago (AVGO) customers include smartphone leaders Apple (AAPL) and Samsung, which both buy Avago’s radio-frequency chips, according to UBS Investment Research. The Singapore-based chipmaker is also getting a boost from the rollout Scalper1 News

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