Skyworks Earnings Beat, Revenue Inline In Q3
2022.08.05 01:30
Skyworks Earnings Beat, Revenue Inline In Q3
Investing.com – Skyworks (NASDAQ:SWKS) reported on Thursday third quarter earnings that beat analysts’ forecasts and revenue that was inline with expectations.
Skyworks announced earnings per share of $2.44 on revenue of $1.23B. Analysts polled by Investing.com anticipated EPS of $2.35 on revenue of $1.23B.
Skyworks shares are up 2% from the beginning of the year, still down 39.81% from its 52 week high of $188.61 set on August 4, 2021. They are outperforming the Nasdaq which is down 18.69% from the start of the year.
Skyworks shares lost 1.77% in after-hours trade following the report.
Skyworks follows other major Information Technology sector earnings this month
Skyworks’s report follows an earnings beat by Apple on July 28, who reported EPS of $1.2 on revenue of $82.96B, compared to forecasts EPS of $1.16 on revenue of $82.79B.
Microsoft had missed expectations on July 26 with fourth quarter EPS of $2.23 on revenue of $51.87B, compared to forecast for EPS of $2.29 on revenue of $52.38B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com’s earnings calendar
