Skyworks Solutions Q2 2024 Adj EPS $1.55 Beats $1.52 Estimate, Sales $1.05B Inline
Portfolio Pulse from Benzinga Newsdesk
Skyworks Solutions (SWKS) reported Q2 2024 adjusted EPS of $1.55, surpassing the $1.52 estimate, with sales of $1.05B meeting expectations but marking a 9.28% decrease from the previous year.
April 30, 2024 | 8:01 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
Skyworks Solutions reported a Q2 2024 adjusted EPS of $1.55, beating estimates, with stable sales of $1.05B but a decrease from last year.
Beating EPS estimates typically has a positive impact on investor sentiment and can lead to a short-term increase in stock price. However, the decrease in sales year-over-year might temper some of the positive momentum, indicating a mixed but overall positive short-term outlook.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100