The Traderszone Network

Published in TZ Latest News 27 May, 2015 by The TZ Newswire Staff

Avago Soars On Apple iPhone, But Storage May Hurt Q2

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.

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