Skyworks Earnings, Revenue beat In Q2

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Skyworks Earnings, Revenue beat In Q2
Credit: © Reuters.

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

Skyworks announced earnings per share of $2.37 on revenue of $1.17B. Analysts polled by Investing.com anticipated EPS of $2.35 on revenue of $1.15B.

Skyworks shares are up 26% from the beginning of the year and are trading at $184.00 , down-from-52-week-high.They are outperforming the S&P 500 which is up 12.13% from the start of the year.

Skyworks shares lost 7.18% 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 $1.4 on revenue of $89.58B, compared to forecasts EPS of $0.983 on revenue of $76.71B.

Microsoft had beat expectations on Tuesday with third quarter EPS of $1.95 on revenue of $41.71B, compared to forecast for EPS of $1.78 on revenue of $41.04B.

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

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