Skyworks Solutions (SWKS) PT Raised to $115 at B.Riley

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Go back to Skyworks Solutions (SWKS) PT Raised to $115 at B.Riley

Skyworks (SWKS) pops as results suggest Android smartphone market is bottoming

February 7, 2023 8:37 AM EST

Shares of Skyworks Solutions (NASDAQ: SWKS) are up over 4% in pre-market Tuesday after the company delivered solid results for its first fiscal quarter.

Skyworks posted an in-line Q1 EPS of $2.59 on revenue of $1.33 billion (-12% year-over-year), just ahead of the consensus of $1.32B. For this quarter, SWKS guided for revenues in the range of $1.13-1.18B, missing the $1.19B consensus. The... More