Skyworks Sees Q3 2024 Revenue $900M +/- 2% Vs $1.022B Estimate
Portfolio Pulse from Benzinga Newsdesk
Skyworks Solutions, Inc. (SWKS) forecasts its Q3 2024 revenue to be around $900 million, plus or minus 2%, which is below the analyst estimate of $1.022 billion. This indicates a potential revenue shortfall compared to market expectations.
April 30, 2024 | 8:33 pm
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Skyworks Solutions, Inc. (SWKS) anticipates Q3 2024 revenue to be significantly lower than analyst expectations, forecasting around $900 million versus the $1.022 billion estimate.
Skyworks Solutions, Inc.'s forecasted revenue for Q3 2024 is significantly below analyst expectations, which could lead to negative investor sentiment and a potential decrease in stock price in the short term. The substantial difference between the company's forecast and the analyst estimates highlights concerns over demand or operational efficiency, which are critical factors investors consider when evaluating a company's financial health and growth prospects.
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