Seeking Alpha

Avago Technology beats by $0.08, beats on revenues

  • Avago Technology (AVGO): FQ3 EPS of $0.74 beats by $0.08.
  • Revenue of $644M (+6% Y/Y) beats by $21.22M. Shares +5.6% AH. (PR)
Comments (1)
  • Philip Marlowe
    , contributor
    Comments (1067) | Send Message
     
    Good for AVGO and good for the entire sector of cell phone component makers. AVGO makes filters so if they do well this means that the companies that make the electronics that use those filters are also doing well (e.g. SWKS). Today a lot of great companies in this sector had their stocks fall 3-5% for no reason.

     

    AVGO already popped AH but there are a lot of bargains out there today. I will see if I can add to my positions but I have exceeded my target allocation percentages already on most of these companies due to past growth.
    27 Aug 2013, 04:20 PM Reply Like
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