Investing.com - Skyworks (NASDAQ:SWKS) reported on Monday second quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Skyworks announced earnings per share of $1.34 on revenue of $766.1M. Analysts polled by Investing.com anticipated EPS of $1.33 on revenue of $758.15M. That with comparison to EPS of $1.47 on revenue of $810.4M in the same period a year before.Skyworks had reported EPS of $1.68 on revenue of $896.1M in the previous quarter.Analysts are expecting EPS of $1.25 and revenue of $729.23M in the upcoming quarter.
Skyworks shares are down 17.6% from the beginning of the year and are trading at $99.61 , down-from-52-week-high.They are under-performing the S&P 500 which is down 12.34% year to date.
Skyworks follows other major Technology sector earnings this month
Skyworks's report follows an earnings beat by Microsoft on Wednesday, who reported EPS of $1.4 on revenue of $35.02B, compared to forecasts EPS of $1.27 on revenue of $33.76B.
Apple had beat expectations on Thursday with second quarter EPS of $2.55 on revenue of $58.31B, compared to forecast for EPS of $2.24 on revenue of $54.78B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar