Skyworks Earnings, Revenue Beat in Q1
Investing.com - Skyworks (NASDAQ:SWKS) announced first quarter earnings that beat analysts' expectations on Thursday and revenue that topped forecasts.
The company reported earnings per share of $1.68 on revenue of $896.1M. Analysts polled by Investing.com anticipated EPS of $1.65 on revenue of $880.48M. That compared with EPS of $1.83 on revenue of $972M in the same period a year earlier. Skyworks had announced EPS of $1.52 on revenue of $827.4M in the prior quarter.
Analysts are expecting EPS of $1.41 and revenue of $786.35M in the next quarter.
Skyworks stock's are up 3.91% from the beginning of the year , still down 0.09% from its 52 week high of $128.32 set on January 23.
Skyworks follows other major Technology sector earnings this month
On Tuesday, IBM announced fourth quarter EPS of $4.71 on revenue of $21.78B, was in comparison with a forecasts for EPS of $4.69 on revenue of $21.64B.
Taiwan Semiconductor earnings beat analysts' expectations on January 17, with fourth quarter EPS of $0.75 on revenue of $10.6B. Investing.com analysts anticipated EPS of $0.73 on revenue of $10.5B
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar
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