Why Skyworks Solutions Stock Is Falling After Hours
Portfolio Pulse from Adam Eckert
Skyworks Solutions Inc (NASDAQ:SWKS) reported Q4 earnings beating estimates but issued forward guidance below estimates. Revenue fell by 13.4% YoY. The company sees fiscal Q1 revenue in the range of $1.175 billion to $1.225 billion versus estimates of $1.29 billion. Skyworks shares were down 6.07% after hours.
November 02, 2023 | 9:29 pm
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Skyworks Solutions reported Q4 earnings beating estimates but issued forward guidance below estimates, leading to a drop in share price.
Skyworks Solutions reported better than expected Q4 earnings but issued forward guidance below estimates. This negative outlook is likely to have led to the drop in share price in after-hours trading.
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