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Stock impact report

Skyworks Provides Business Update in Light of COVID-19 Outbreak and Sets Date for Q2 FY20 Earnings Release and Conference Call

Skyworks Solutions, Inc. (SWKS) 
Last skyworks solutions, inc. earnings: 1/23 04:01 pm Check Earnings Report
Company Research Source: Business Wire
IRVINE, Calif.--(BUSINESS WIRE)--Skyworks Solutions, Inc. (Nasdaq: SWKS), an innovator of high-performance analog semiconductors connecting people, places and things, today provided a business update in light of the global COVID-19 outbreak.Revenue for the second fiscal quarter of 2020 ended March 27, 2020, was $766.1 million, slightly exceeding the midpoint of the updated range provided in the company’s revised outlook announced on March 4, 2020. The company expects non-GAAP diluted earnings per share to be in line with the guidance it provided on March 4, 2020, for performance at the midpoint of the revenue range.Skyworks continues to monitor its supply chain in light of the COVID-19 outbreak. While it has seen limited impact to date, on April 13, 2020, state and local government officials from the state of Baja California, Mexico, informed Skyworks of their decision to temporarily suspend Skyworks’ operations in Mexicali, Mexico (the “Mexicali Operations”), pursuant to the Mexi Show less Read more
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