Broadcom Earnings Review: Wired & Wireless Business Sees A Big Increase After Avago Deal Closure

Broadcom Limited, the successor to Avago Technologies Limited, reported its Q1 2016 earnings on March 3rd. Avago completed its acquisition of Broadcom on February 1st this year, and the combined company was named Broadcom Limited. Notably, the combined entity retains Avago’s ticker (AVGO).  This is the first release of financial results following the acquisition and relates solely to Avago, for the fiscal periods prior to the acquisition. However, the guidance that Broadcom Limited provided (mentioned below) is for the combined entity (Broadcom plus Avago).

from Forbes – Tech http://ift.tt/1SopR0V
via IFTTT