Avago Tech (AVGO) Tops Q4 EPS by 10c; Guides Q113 Revs Lower
- Shares jump on tech boost; fragile yen on intervention watch
- Tesla touts acceleration of new models, but Q1 results fall short of estimates
- Oil prices steady after rallying on US stock decline, business data
- Yen on the brink, but Tesla pulls back
- Dollar recovers from PMI slump, yen closes in on 155 per dollar
- Fisker (FSR) Appoints Michael Healy as Chief Restructuring Officer
- Seagate Technology (STX) Enters $600M Asset Purchase Agreement with Avago
- China acquired top-end Nvidia AI chips despite recent US ban- Reuters
- Wolfe Research Downgrades Warner Brothers Discovery (WBD) to Underperform, 'out of concern that an incipient advertising downturn put guidance at risk'
- Wall Street closes higher as investors digest earnings, megacap outlook
- After-hours movers: Tesla, Texas Instruments, Seagate, Visa and more
- Midday movers: PepsiCo, JetBlue fall; GM, Danaher and UPS rise
- After-hours movers: Cadence Design Systems, Cleveland-Cliffs, Riot Platforms, and more
- Midday movers: Tesla, Li Auto and CNH Industrial fall; Salesforce rises
- Midday movers: Netflix, Super Micro fall; Paramount Global gains
Nomura Trims Numbers on Avago (AVGO) Post Q4, But Sees Upside to New PT
November 30, 2012 8:17 AM ESTNomura Securities trimmed estimates and its price target on Avago Technologies (NASDAQ: AVGO) from $42 to $40 following Q4 results. The firm maintained a Buy rating.
"Avago reported better F4Q revenue/EPS of $618mn/$0.71 than our estimates of $615mn/$0.67. Higher EPS was... More
Jefferies Says Avago Technologies (AVGO) Dips Good Buying Opportunity
November 30, 2012 7:56 AM ESTYesterday Avago Technologies (NASDAQ: AVGO) lowered revenue estimates but analysts at Jefferies think the company remains "one of the best plays on LTE phones".
"We expect AVGO to be the major beneficiary of FBAR filter growth as LTE phones that... More