Skyworks Solutions Q3 Adj $1.21 Misses $1.23 Estimate, Sales $905.50M Beat $900.40M Estimate
Portfolio Pulse from Benzinga Newsdesk
Skyworks Solutions (NASDAQ:SWKS) reported Q3 earnings of $1.21 per share, missing the $1.23 estimate, and sales of $905.50M, beating the $900.40M estimate. Earnings decreased by 30.06% YoY, and sales decreased by 15.47% YoY.
July 30, 2024 | 8:01 pm
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Skyworks Solutions reported Q3 earnings of $1.21 per share, missing the $1.23 estimate, and sales of $905.50M, beating the $900.40M estimate. Earnings decreased by 30.06% YoY, and sales decreased by 15.47% YoY.
Skyworks Solutions missed earnings estimates and reported a significant YoY decrease in both earnings and sales. Despite beating sales estimates, the overall negative performance is likely to impact the stock price negatively in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100