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-0.000868096628135022 0.00424971441648747 0.00231846496568651 0.00357377710870721 -0.00830340701371859 -0.00588934520021742 0.00492565172426787 -0.00569622025513737
Stock impact report

Apple supplier Skyworks jumps after better-than-feared forecast [Reuters]

Skyworks Solutions, Inc. (SWKS) 
Last skyworks solutions, inc. earnings: 1/23 04:01 pm Check Earnings Report
Company Research Source: Reuters
Apple supplier Skyworks jumps after better-than-feared forecast | Reuters 3 Min Read Feb 6 (Reuters) - Shares of Skyworks Solutions Inc rose as much as 13 percent on Tuesday after the company, whose radio frequency chips are used in iPhones, gave a current-quarter forecast that was not as dour as other Apple Inc suppliers. Skyworks’ March-quarter revenue forecast of $910 million at the mid-point and a profit outlook of $1.60 per share on that basis missed Wall Street estimates of revenue of $921 million and profit of $1.61 per share, per Thomson Reuters I/B/E/S. “While the Apple weakness is impacting everyone in the supply chain, Skyworks is experiencing less of a downturn than most as it expands its broad markets business and captures content in other handset providers,” Northland Capital Markets analyst Tom Sepenzis said in a client note. Oppenheimer analyst Rick Schafer said that for Skyworks, the lower demand from Apple was being offset by the increasing use of its chips in Samsun Show less Read more
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