CORRECTION: Skyworks Solutions Sees Q2 2024 Revenue $1.02B-$1.07B Vs $1.04B Est.
Portfolio Pulse from Benzinga Newsdesk
Skyworks Solutions has provided revenue guidance for Q2 2024, projecting revenues to be between $1.02B and $1.07B, which brackets the analyst estimate of $1.04B.
January 30, 2024 | 9:10 pm
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Skyworks Solutions' Q2 2024 revenue guidance suggests performance in line with analyst expectations, which could stabilize the stock price in the short term.
Skyworks Solutions' revenue guidance for Q2 2024 is within the range of analyst estimates, indicating that the company's performance is as expected. This typically does not lead to significant stock price movements as there are no surprises to the market. However, the guidance confirms that the company is on track to meet expectations, which can be seen as a positive signal for stability.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100