1 month ago
Stock Market

Skyworks Earnings, Revenue miss in Q1

Investing.com - Skyworks (NASDAQ:SWKS) reported first quarter earnings that missed analysts' expectations on Tuesday and revenue that fell short

Investing.com - Skyworks (NASDAQ:SWKS) reported first quarter earnings that missed analysts' expectations on Tuesday and revenue that fell short of forecasts.

The firm reported earnings per share of $1.83 on revenue of $972M. Analysts polled by Investing.com expected EPS of $1.84 on revenue of $973.85M. That compared to EPS of $2 on revenue of $1.05B in the same period a year earlier. The company had reported EPS of $1.94 on revenue of $1.01B in the previous quarter.

Skyworks shares gained 2.74% to trade at $78.04 in after-hours trade following the report.

Skyworks follows other major Technology sector earnings this month


On January 24, Intel reported fourth quarter EPS of $1.28 on revenue of $18.66B, compared to forecasts of EPS of $1.22 on revenue of $19.01B.

IBM earnings beat analyst's expectations on January 22, with fourth quarter EPS of $4.87 on revenue of $21.76B. Investing.com analysts expected EPS of $4.82 on revenue of $21.73B

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