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Broadcom Ltd. (AVGO) Is Climbing On Strong Q4 Results

Broadcom Ltd. (AVGO) reported fourth quarter EPS of $4.59 after the bell Wednesday, up from $3.47 a year ago. The consensus estimate was for EPS of $4.52. The stock is now up 5.17 on 351K shares.

Broadcom gapped open lower Wednesday, but climbed for the bulk of the afternoon. The stock closed up by 2.24 at $263.89. Broadcom finished at the lower end of over a 1-month trading range.

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