Skyworks Solutions Sees Q4 EPS $2.10 At The Midpoint Vs $2.11 Est.; Revenue $1.19B-$1.24B Vs $1.22B Est.
Portfolio Pulse from Benzinga Newsdesk
Skyworks Solutions has provided its Q4 2023 outlook, expecting double-digit sequential revenue and earnings growth. The company anticipates revenue between $1.19 billion and $1.24 billion, with non-GAAP diluted earnings per share of $2.10 at the midpoint of the revenue range. This represents sequential revenue and non-GAAP diluted earnings per share growth of 13% and 21%, respectively. Skyworks is also increasing its quarterly dividend due to strong business outlook and cash flow generation.
August 07, 2023 | 8:04 pm
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POSITIVE IMPACT
Skyworks Solutions expects a double-digit sequential growth in revenue and earnings for Q4 2023, and is also increasing its quarterly dividend. This positive outlook could potentially boost investor confidence and positively impact the company's stock price in the short term.
The company's positive outlook for Q4 2023, including expected double-digit sequential growth in revenue and earnings, as well as an increase in its quarterly dividend, indicates strong financial performance and could potentially boost investor confidence. This could lead to increased demand for the company's stock, thereby driving up its price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100