Avago raises fiscal 2nd-qtr revenue outlook on better-than-expected sales

Avago raises fiscal 2Q revenue view

SAN FRANCISCO — Chip maker Avago Technologies Ltd. predicted Monday that its revenue for the second fiscal quarter will rise between 11 percent and 13 percent over the first quarter, based on preliminary results showing sales in the industrial market are better than expected.

Based on its first-quarter revenue of $456 million, the Singapore company predicts revenue of $506 million to $515 million for the current quarter.

Avago shares rose 87 cents, or 4 percent, after hours, having finished regular trading up 2 cents at $21.90.