Skyworks Solutions Sees Q4 EPS $1.52 Vs $1.51 Est.; Revenue $1B-$1.4B Vs $1.01B Est.;
Portfolio Pulse from Benzinga Newsdesk
Skyworks Solutions has provided its Q4 earnings guidance, expecting non-GAAP EPS of $1.52 versus the estimated $1.51, and revenue between $1.00 billion and $1.04 billion versus the estimated $1.01 billion. The company anticipates a 20% sequential increase in its mobile business and modest improvement in broad markets. Additionally, Skyworks announced an increase in its quarterly dividend.
July 30, 2024 | 8:03 pm
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Skyworks Solutions has provided positive Q4 earnings guidance, with non-GAAP EPS expected to be $1.52 versus the estimated $1.51, and revenue between $1.00 billion and $1.04 billion versus the estimated $1.01 billion. The company also announced an increase in its quarterly dividend.
The positive earnings guidance, along with the expected sequential growth in the mobile business and the announcement of a dividend increase, is likely to have a positive short-term impact on Skyworks Solutions' stock price.
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