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Avago Technologies (AVGO) reported its seventh straight quarter of accelerating earnings and sales growth late Wednesday as the iPhone chip supplier also announced a big acquisition. Avago earned $2.09 a share excluding various items in its fiscal Q1, up 149% vs. a year earlier and blowing out views for $1.94. Net revenue from continuing operations grew 134% to $1.66 billion. GAAP net revenue rose 131% to $1.635 billion. The company sees Q2 GAAP Scalper1 News
Scalper1 News