Skyworks Solutions (SWKS) Tops Q2 EPS by 1c; Guides Q3 Below the Street

Skyworks Solutions (NASDAQ: SWKS) reported Q2 EPS of $1.25, $0.01 better than the analyst estimate of $1.24. Revenue for the quarter came in at $775.1 million versus the consensus estimate of $775.39 million.

GUIDANCE:

Skyworks Solutions sees Q3 2016 EPS of $1.21, versus the consensus of $1.32. Skyworks Solutions sees Q3 2016 revenue of $750 million, versus the consensus of $799.76 million.

“Skyworks delivered solid financial results in the second fiscal quarter of 2016 driven by our increasing diversification and differentiated product portfolio,” said David J. Aldrich, chairman and chief executive officer of Skyworks. “Looking ahead, we are well positioned to continue capitalizing on the powerful connectivity and Internet of Things trends as we deliver higher value solutions with superior performance and functionality across new markets, applications and customers.”

For earnings history and earnings-related data on Skyworks Solutions (SWKS) click here.

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