Avago Technologies Positioned For Smartphone Growth

By | May 30, 2014

Scalper1 News

Avago Technologies stock hit an all-time high Friday after the chipmaker late Thursday posted better-than-expected earnings driven by wireless performance and smartphone growth in China. Avago Technologies (AVGO) stock hit a high of 72, up 1.7%, early but was near 70.25, down a fraction, in midday trading in the stock market today. Avago revenue rose 25% from the year-earlier quarter to $701 million, and earnings per share minus items rose 39% for Scalper1 News

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