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Stock impact report

Skyworks shares tick higher on earnings beat [MarketWatch]

Skyworks Solutions, Inc. (SWKS) 
Last skyworks solutions, inc. earnings: 1/23 04:01 pm Check Earnings Report
Company Research Source: MarketWatch
Skyworks shares tick higher on earnings beat Skyworks Solutions Inc. SWKS, -4.32% shares rose in the extended session Monday after the wireless chipmaker reported earnings that topped Wall Street estimates and announced a new share buyback program. Skyworks shares advanced 1.5% to $96.10 after hours. The company reported fiscal first-quarter net income of $70.4 million, or 38 cents a share, compared with $257.8 million, or $1.38 a share, in the year-ago period. Adjusted earnings were $2.00 a share. Revenue rose to $1.05 billion from $914.3 million in the year-ago period. Analysts surveyed by FactSet had estimated $1.91 a share on revenue of $1.05 billion. For the second quarter, however, Skyworks issued an outlook that fell short of Street estimates, forecasting earnings of $1.60 a share on revenue around $910 million. Analysts expect earnings of $1.63 a share on revenue of $940.6 million. Skyworks also announced that its board approved a $1 billion share buyback program. The new s Show less Read more
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