30.04.2024 22:15:10 - dpa-AFX: Skyworks Solutions Inc. Q2 Profit Decreases, but beats estimates

WASHINGTON (dpa-AFX) - Skyworks Solutions Inc. (SWKS) revealed earnings for
second quarter that decreased from the same period last year but beat the
Street estimates.

The company's earnings totaled $183.3 million, or $1.14 per share. This
compares with $232.8 million, or $1.46 per share, in last year's second quarter.

Excluding items, Skyworks Solutions Inc. reported adjusted earnings of $250.7
million or $1.55 per share for the period.

Analysts on average had expected the company to earn $1.52 per share, according
to figures compiled by Thomson Reuters. Analysts' estimates typically exclude
special items.

The company's revenue for the quarter fell 8.7% to $1.05 billion from $1.15
billion last year.

Skyworks Solutions Inc. earnings at a glance (GAAP) :

-Earnings (Q2): $183.3 Mln. vs. $232.8 Mln. last year.
-EPS (Q2): $1.14 vs. $1.46 last year.
-Revenue (Q2): $1.05 Bln vs. $1.15 Bln last year.


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Copyright RTT News/dpa-AFX
Name WKN Börse Kurs Datum/Zeit Diff. Diff. % Geld Brief Erster Schluss
SKYWORKS SOL. DL-,25 857760 Frankfurt 86,630 17.05.24 15:52:21 -0,330 -0,38% 0,000 0,000 86,580 86,960

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