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Stockreport

Skyworks dips as Q3 outlook falls short of market expectations Apr. 30, 2024 4:33 PM ET By: Brandon Evans , SA News Editor [Seeking Alpha]

Apple Inc. (AAPL)  More Company Research Source: Seeking Alpha
Last apple inc. earnings: 4/30 04:30 pm Check Earnings Report
US:NASDAQ Investor Relations: investor.apple.com
However, the third quarter outlook fell a bit short of the consensus, prompting a 7% drop during early post-market trading. Skyworks reported earnings per share of $1.55 for the second quarter, which was more than the market expected. Revenue for the quarter totaled $1.046B, which was just below the consensus. The analysts' consensus expected earnings per share of $1.52 on revenue of $1.05B for the quarter-ended March 29. "During the March quarter, in our mobile business, we saw below normal seasonal trends, with lower-than-expected end market demand," said Skyworks CEO Liam Griffin. "Over the long-term, we intend to leverage our connectivity technology across edge-connected IoT devices, automotive electrification and advanced safety systems, and AI infrastructure." Looking ahead to the third quarter, the semiconductor company expects earnings per share of $1.21 on revenue of $900M, plus or minus 2%. This is below the market consensus of earning $1.46 per share on revenue of $1 [Read more]
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Stockreport

Skyworks dips as Q3 outlook falls short of market expectations Apr. 30, 2024 4:33 PM ET By: Brandon Evans , SA News Editor [Seeking Alpha]

Apple Inc.  (AAPL) 
More Company Research Source: Seeking Alpha
Last apple inc. earnings: 4/30 04:30 pm Check Earnings Report
US:NASDAQ Investor Relations: investor.apple.com
However, the third quarter outlook fell a bit short of the consensus, prompting a 7% drop during early post-market trading. Skyworks reported earnings per share of $1.55 for the second quarter, which was more than the market expected. Revenue for the quarter totaled $1.046B, which was just below the consensus. The analysts' consensus expected earnings per share of $1.52 on revenue of $1.05B for the quarter-ended March 29. "During the March quarter, in our mobile business, we saw below normal seasonal trends, with lower-than-expected end market demand," said Skyworks CEO Liam Griffin. "Over the long-term, we intend to leverage our connectivity technology across edge-connected IoT devices, automotive electrification and advanced safety systems, and AI infrastructure." Looking ahead to the third quarter, the semiconductor company expects earnings per share of $1.21 on revenue of $900M, plus or minus 2%. This is below the market consensus of earning $1.46 per share on revenue of $1 [Read more]
IMPACT SNAPSHOT
EVENT TIME:
AAPL
Last Price
Price Change
Price Change %
Volume Shares
Max Up
Max Down
Volume Ratio
%
Don't Miss Out On The Next BIG Stock Move
Performance comparison Updated
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
LAST PRICE AT
NEWS EVENT
SINCE EVENT
Multi-day stock performance from the time of the news release
LAST PRICE
VWAP
High:
MAX UP
High:
Low:
MAX DOWN
Low:
%
 POST NEWS RANGE
%
PRICE CHANGE
PRICE CHANGE PERCENTAGE
S&P 500 (SPX)
%
 VOLUME RATIO
%
VOLUME (SHARES)
TICKS
AVG SHARES PER TRADE
EVENT DAY
Event Day Chart will not be displayed beyond 90-day period of the event
PERFORMANCE SINCE EVENT
TIME AND VELOCITY ANALYSIS