Investing.com - Skyworks (NASDAQ:SWKS) reported first quarter earnings that beat analysts' expectations on Thursday and revenue that topped forecasts.
The firm reported earnings per share of $1.68 on revenue of $896.1M. Analysts polled by Investing.com anticipated EPS of $1.65 on revenue of $880.48M. That compared to EPS of $1.83 on revenue of $972M in the same period a year earlier. The company had reported EPS of $1.52 on revenue of $827.4M in the previous quarter.
Skyworks shares lost 0.59% to trade at $127.45 in after-hours trade following the report.
Skyworks shares lost 0.59% to trade at $127.45 in after-hours trade following the report.
For the year, Skyworks shares are up 3.91%, outperforming the S&P 500 which is up 2.54% year to date.
Skyworks follows other major Technology sector earnings this month
On Tuesday, IBM reported fourth quarter EPS of $4.71 on revenue of $21.78B, compared to forecasts of EPS of $4.69 on revenue of $21.64B.
Taiwan Semiconductor earnings beat analyst's expectations on Friday, January 17, 2020, with fourth quarter EPS of $0.75 on revenue of $10.6B. Investing.com analysts expected EPS of $0.73 on revenue of $10.5B
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