Skyworks Earnings, Revenue beat In Q1

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Skyworks Earnings, Revenue beat In Q1
Credit: © Reuters.

Investing.com - Skyworks (NASDAQ: SWKS ) reported on Thursday first quarter earnings that beat analysts' forecasts and revenue that topped expectations.

Skyworks announced earnings per share of $3.36 on revenue of $1.51B. Analysts polled by Investing.com anticipated EPS of $2.09 on revenue of $1.06B.

Skyworks shares are up 4.47% from the beginning of the year and are trading at $164.00 , down-from-52-week-high.They are outperforming the Nasdaq 100 which is up 2.43% from the start of the year.

Skyworks shares gained 2.68% in after-hours trade the report.

Skyworks follows other major Technology sector earnings this month

Skyworks's report follows an earnings beat by Apple on Wednesday, who reported EPS of $1.68 on revenue of $111.44B, compared to forecasts EPS of $1.41 on revenue of $102.54B.

Microsoft had beat expectations on Tuesday with second quarter EPS of $2.03 on revenue of $43.08B, compared to forecast for EPS of $1.64 on revenue of $40.23B.

Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar

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