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Broadcom Ltd. (AVGO) Is Rising After Q4 Earnings Top Expectations

Broadcom Ltd. (AVGO) reported fourth quarter adjusted EPS of $5.85 after the close Thursday, which topped the consensus estimate of $5.58. The company's revenue for the quarter rose 12.4% to $5.44 billion from $4.84 billion last year. The stock is now up 13.06 on 181K shares.

Broadcom gapped open lower Thursday, but traded in a range for the majority of the session. The stock closed down by 4.80 at $227.24 and fell to nearly a 2-week low.

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