Skyworks Earnings inline, Revenue beats In Q2

  • Investing.com
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Skyworks Earnings inline, Revenue beats In Q2
Credit: © Reuters.

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 and are trading at $117.50 , down-from-52-week-high.They are under-performing the Nasdaq which is down 19.69% from the start of the year.

Skyworks shares lost 1.65% in after-hours trade 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 Tuesday, April 26, 2022 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

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