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Broadcom Ltd. (AVGO) Is Up After Q4 Profit Topped Expectations

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.

Broadcom has gapped open sharply higher Thursday morning and is now up 7.16 at $271.05. The stock is trading near the middle of a 1-month trading range at the highs of the year.

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