Skyworks tumbles after first earnings post Qorvo merger
SWKS•Skyworks Solutions shares fell 13.3% in extended trading after it forecast first-quarter EPS of $1.25, below analysts’ $1.52 estimate. Fourth-quarter revenue was $1.05 billion and adjusted EPS was $1.28, compared with estimates of $1.04 billion and $1.27, respectively.
1. Results and outlook
Skyworks Solutions reported standalone fourth-quarter revenue of $1.05 billion and adjusted EPS of $1.28, slightly above analysts’ estimates of $1.04 billion and $1.27. The company forecast first-quarter EPS of $1.25, compared with estimates of $1.52; shares fell 13.3% in extended trading.
