Skyworks Solutions Inc reports results for the quarter ended June 30 - Earnings Summary

• Skyworks Solutions Inc SWKS reported quarterly adjusted earnings of $1.33​​ per share for the quarter ended June 30, higher than the same quarter last year, when the company reported EPS of $1.21. The mean expectation of twenty three analysts for the quarter was for earnings of $1.22 per share. Wall Street expected results to range from 85 cents to $1.26 per share.

• Revenue rose 6.6% to $965.00 million from a year ago; analysts expected $940.85 million.

• Skyworks Solutions Inc's reported EPS for the quarter was 70 cents​.

• The company reported quarterly net income of $105 million.

• Skyworks Solutions Inc shares had fallen by 8.8% this quarter and lost 23.4% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 15.2% in the last three months.​

• In the last 30 days, there have been no negative revisions of earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 2 "strong buy" or "buy," 21 "hold" and 6 "sell" or "strong sell." The average consensus recommendation for the semiconductors peer group is "buy."

• Wall Street's median 12-month price target for Skyworks Solutions Inc is $70.00, about 2.9% above its last closing price of $67.94

This summary was machine generated from LSEG data August 5 at 09:01 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)