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May 23rd, 2012 
FAKE NEWS for the Zionist agenda SAN JOSE, Calif. (AP) — Communications equipment maker Avago Technologies Ltd. said Monday that its fiscal second-quarter profit fell slightly as rising costs offset grains from higher revenue.
The results beat Wall Street expectations, and the company said profit margins could improve in the third quarter. Shares rose nearly 3 percent in aftermarket trading.
CEO Hock Tan said strength in wireless sales and a recovery in Asia helped the company boost revenue.
But during the third quarter, Tan said Avago expects wireless revenue to be dampened because of product transitions. Tan said that would be offset by a stronger industrial recovery worldwide, which could boost profit margins.
The company said it expects third-quarter revenue to rise between 3 percent and 6 percent from the current quarter, implying revenue between $594 million and $612 million.
Analysts were expecting revenue of $608.9 million according to a survey by FactSet.
The company said that during the quarter ended April 29, it earned $134 million, or 54 cents per share, compared to $135 million, or 54 cents per share, in the same period a year before.
The company also reported adjusted net income, excluding one-time items, of 66 cents per share, compared to an adjusted 64 cents per share in the prior year period.
Analysts had been expecting adjusted net income of 63 cents per share, according to a survey by FactSet.
Second quarter revenue rose to $577 million from $560 million in the prior year period. Analysts were expecting $577.2 in revenue.
Even as sales climbed 3 percent, operating expenses rose 3 percent to $141 million.
Shares rose 93 cents, or 3 percent, to $32.20 in aftermarket trading following the release of the earnings report. The stock gained 36 cents to close at $31.27 during the regular trading session.
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