Skyworks Earnings inline, Revenue Beats In Q2
2022.05.03 23:16
Skyworks Earnings inline, Revenue Beats In Q2
Investing.com – Skyworks (NASDAQ:SWKS) reported on Tuesday second quarter earnings that matched analysts’ forecasts and revenue that topped expectations.
Skyworks announced earnings per share of $2.63 on revenue of $1.34B. Analysts polled by Investing.com anticipated EPS of $2.63 on revenue of $1.33B.
Skyworks shares are down 22.99% from the beginning of the year, still down 39.54% from its 52 week high of $197.60 set on July 29, 2021. They are under-performing the Nasdaq which is down 19.69% from the start of the year.
Skyworks shares lost 2.40% 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 Thursday, who reported EPS of $1.52 on revenue of $97.28B, compared to forecasts EPS of $1.42 on revenue of $94.03B.
Microsoft had beat expectations on April 26 with third quarter EPS of $2.22 on revenue of $49.36B, compared to forecast for EPS of $2.19 on revenue of $49.02B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com’s earnings calendar
