Apple (AAPL) chip supplier Avago Technologies (AVGO) is in advanced talks to acquire Broadcom (BRCM), according to multiple reports. “It isn’t clear what terms the companies are discussing or when a deal could be inked — if there’s one at all,” reported the Wall Street Journal, which broke news of the talks. Bloomberg and Reuters also reported a deal was close, with some saying an agreement could be announced Thursday. Broadcom has a market cap
Apple supplier Avago Technologies (AVGO) is expected to post its eighth straight quarter of accelerating earnings and sales growth when the chipmaker reports Q2 results after the market close Thursday. Analysts polled by Thomson Reuters expect Avago to report earnings per share excluding items of $2.01, up 136% from the year-earlier quarter. Revenue is expected to soar 133% to $1.635 billion. For the current quarter, EPS minus items is expected to
IBD 50 superstars Avago Technologies (AVGO) and Ulta Beauty (ULTA) report quarterly earnings after the close on Thursday. Here’s a breakdown of what analysts expect: Apple (AAPL) chip supplier Avago Tech’s fiscal Q2 earnings are projected to surge 136% to $2.01 per share — a third straight quarter of triple-digit growth but a slight slowdown from Q1’s 149% gain. Revenue is estimated to climb 133% to $1.63 billion, which is higher than last