|Day's Range||50.24 - 50.50|
Here are some things going on today in the world of tech: Shares of Microsoft (MSFT) are up $2.75, or 2.6%, to $107.15, hitting a new all-time high earlier this morning of $108.20, pushing its market capitalization to $841.3 billion, after the company yesterday afternoon beat fiscal Q4 expectations and also forecast this quarter’s revenue higher. One the upbeat individuals is Goldman Sachs’s Heather Bellini, who reiterates a Buy rating on the shares, and raises her price target to $125 from $114, writing the "results were strong across the board." She notes that sales growth of server software products and of cloud computing were the “highest pace on record." Microsoft is benefitting from letting people move over their traditional licenses for software to Microsoft’s cloud, "as partners highlight enterprise agreement renewals at higher net expansion levels than in recent years." But the highest price targets today come from Deutsche Bank’s Karl Keirstead and Piper Jaffray’s Alex Zukin, who both raised the stock to $130.
Skyworks Solutions Inc (NASDAQ: SWKS ) issued a fiscal third-quarter report Thursday that solidifies the case for the semiconductor stock, according to KeyBanc Capital Markets. The Analyst Analyst John ...
Early earnings news from Microsoft, Intuitive Surgical and VF Corp. on Friday countered the weak global trade that followed new trade threats from the White House. The Dow and S&P 500 opened lower, as they sought their third straight weekly gains.
NEW YORK, NY / ACCESSWIRE / July 20, 2018 / U.S. indexes ended their five day winning streak, which was spurred by strong corporate earnings, as losses from the financial sector dragged markets lower on ...
Stock futures fell as President Trump threatened tariffs on all Chinese imports, despite strong earnings from Microsoft, Apple chipmaker Skyworks and IBD 50 stocks Intuitive Surgical and E-Trade Financial.
The shoe company missed analysts' earnings expectations for its second quarter, posting only 29 cents per share compared with the 41 cents that was estimated. Skechers met analysts' revenue expectations, generating $1.13 billion for its second quarter. The bank holding company beat analysts' earnings expectations for its second quarter, posting $3.22 versus the $2.63 that was estimated.
Skyworks Solutions (SWKS) just released its latest quarterly results, posting earnings of $1.64 per share and revenues of $894.3 million.
Wireless chip maker Skyworks Solutions (SWKS) this afternoon reported fiscal Q3 revenue and profit that topped analysts' expectations, forecast this quarter's profit higher, and said it would raise its quarterly dividend 19%, sending its shares higher in late trading. The results also gave a lift to Skyworks competitors Qorvo (QRVO) and Broadcom (AVGO). CEO Liam Griffin said results were better than expected because of "our broadening market reach, solid execution and resilient business model." Griffin added that the company is "gaining first-mover advantage across Internet of Things and rapidly emerging 5G applications with our Sky5 platform.
Shares of Skyworks Solutions Inc. (swks) rose nearly 4% late Thursday after the semiconductor company reported fiscal third-quarter earnings above Wall Street expectations and said its board approved a dividend increase. Skyworks said it earned $286.5 million, or $1.57 a share, in the quarter, compared with $246.2 million, or $1.32 a share, in the year-ago period. The company's board declared a cash dividend of 38 cents a share, a 19% increase.
On a per-share basis, the Woburn, Massachusetts-based company said it had net income of $1.57. Earnings, adjusted for one-time gains and costs, came to $1.64 per share. The results topped Wall Street expectations. ...
NEW YORK, NY / ACCESSWIRE / July 19, 2018 / Skyworks Solutions, Inc. (NASDAQ: SWKS ) will be discussing their earnings results in their Q3 Earnings Call to be held on July 19, 2018 at 5:00 PM Eastern Time. ...
Skyworks Solutions (NASDAQ: SWKS ) releases its next round of earnings Thursday. Here's Benzinga's essential guide to Skyworks Solutions' Q3 earnings report. Earnings and Revenue Based on Skyworks Solutions ...
Skyworks Solutions (SWKS) is seeing favorable earnings estimate revision activity as of late, which is generally a precursor to an earnings beat.
Earnings growth is expected to be aplenty this season--although it will take a strong batch of marquee reports for investors to overlook global trade war uncertainty. One important battleground will be in the technology sector. Here are the most important tech earnings reports to watch next week.
Skyworks Solutions (SWKS) could be an interesting play for investors as it is seeing solid earnings estimate revision in addition to having a robust industry rank.