Skyworks Earnings, Revenue Beat in Q1

Investing.com – Skyworks (NASDAQ:) announced first quarter that beat analysts’ expectations on Thursday and revenue that topped forecasts.

The company reported earnings per share of $1.68 on revenue of $896.1M. Analysts polled by Investing.com anticipated EPS of $1.65 on revenue of $880.48M. That compared with EPS of $1.83 on revenue of $972M in the same period a year earlier. Skyworks had announced EPS of $1.52 on revenue of $827.4M in the prior quarter.

Analysts are expecting EPS of $1.41 and revenue of $786.35M in the next quarter.

Skyworks stock’s are up 3.91% from the beginning of the year , still down 0.09% from its 52 week high of $128.32 set on January 23.

Skyworks follows other major Technology sector earnings this month

On Tuesday, IBM announced fourth quarter EPS of $4.71 on revenue of $21.78B, was in comparison with a forecasts for EPS of $4.69 on revenue of $21.64B.

Taiwan Semiconductor earnings beat analysts’ expectations on January 17, with fourth quarter EPS of $0.75 on revenue of $10.6B. Investing.com analysts anticipated EPS of $0.73 on revenue of $10.5B

Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com’s earnings calendar

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.