Avago posts loss, despite revenue growth

FORT COLLINS – Avago Technologies Ltd., which makes semiconductors for smartphones, on Thursday reported a net loss of $164 million, or 65 cents per diluted share, for the third quarter ending Aug. 3.

That compares with a profit of $142 million, or 57 cents per share, for the same quarter a year ago.

The loss came despite net revenue of $1.269 million in the third quarter, up 81 percent from the previous quarter and 97 percent from the same quarter in 2013.

Avago (Nasdaq: AVGO), a spinoff of Agilent Technologies Inc., has headquarters in Singapore and San Jose, Calif., but its largest campus…