How Long Can Avago Ride Apple’s Coattails?

By | August 22, 2015

Scalper1 News

Hampered by slowing iPhone sales, Apple (AAPL) chipmaker Avago Technologies (AVGO) is expected late Wednesday to report its second decelerating-revenue-growth quarter in two years. In the past three consecutive quarters, the Singapore-based chipmaker posted triple-digit percentage increases in revenue. Wall Street doesn’t see Avago making it a four-peat. The consensus of 21 analysts polled by Thomson Reuters models earnings per share of $2.14, Scalper1 News

Scalper1 News