Skyworks Solutions Analysts Boost Their Forecasts After Q3 Results
Portfolio Pulse from Avi Kapoor
Skyworks Solutions Inc (NASDAQ:SWKS) reported mixed Q3 results with earnings per share of $1.21, missing estimates, but sales of $905.5 million, beating estimates. Despite a 5.7% drop in share price, analysts raised their price targets, reflecting optimism about future performance.

July 31, 2024 | 5:45 pm
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Skyworks Solutions reported mixed Q3 results with earnings per share of $1.21, missing estimates, but sales of $905.5 million, beating estimates. Despite a 5.7% drop in share price, analysts raised their price targets, reflecting optimism about future performance.
Skyworks Solutions reported mixed Q3 results, with earnings missing but sales beating estimates. Despite a 5.7% drop in share price, multiple analysts raised their price targets, indicating optimism about the company's future performance. This suggests a potential positive impact on the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100