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Skyworks stock falls after results, outlook top Street view

·1 min read
Skyworks stock falls after results, outlook top Street view
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Skyworks Solutions Inc. (SWKS) shares dropped in the extended session Thursday even after the semiconductor-component company’s results and outlook topped Wall Street estimates. Skyworks shares fell 5% after hours, following a 2.4% rise in the regular session to close at $196.67. Skyworks forecast adjusted earnings of about $2.53 a share should revenue fall in the midpoint of its estimated revenue range of $1.27 billion to $1.33 billion for the fiscal fourth quarter.