Skyworks Solutions Q3 EPS $1.73 Beats $1.67 Estimate, Sales $1.071B Beats $1.07B Estimate
Portfolio Pulse from Benzinga Newsdesk
Skyworks Solutions (NASDAQ:SWKS) reported Q3 earnings of $1.73 per share, beating the analyst consensus estimate of $1.67 by 3.59%. However, this is a 29.1% decrease from the same period last year. The company also reported quarterly sales of $1.07 billion, meeting the analyst consensus estimate, but marking a 13.12% decrease from the same period last year.
August 07, 2023 | 8:02 pm
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Skyworks Solutions beat Q3 earnings estimates but reported a YoY decrease in both earnings and sales.
While Skyworks Solutions beat the Q3 earnings estimate, the YoY decrease in both earnings and sales could potentially offset any positive impact from the earnings beat. This mixed result makes the short-term impact on the stock price uncertain.
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