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Why Skyworks Solutions Stock Crashed 9% After Beating Earnings

·2 min read
Why Skyworks Solutions Stock Crashed 9% After Beating Earnings
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Pity the shareholders of Skyworks Solutions (NASDAQ: SWKS) -- they just can't catch a break. Skyworks, which was expected to earn $2.14 per share on $1.1 billion in third-quarter sales, last night reported EPS of $2.15 on sales of $1.12 billion. It was a small beat, but it was a beat -- yet Skyworks stock was still down 8.6% at noon today.