Avago Jumps 7% on FYQ3 Beat; Street Cheers Apple, Samsung and FBAR

Tech Trader Daily
By Tiernan RayAug 27, 2015, 11:46 am187 pts
Shares of communications chip maker Avago Techologies (AVGO), which is in the process of buying competitor Broadcom (BRCM) in the chip industry’s biggest M&A event ever, are up $7.90, or almost 7%, at $124.10, after the company yesterday afternoon reported fiscal Q3 revenue and profit that topped analysts’…

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