30.01.2024 22:08:07 - dpa-AFX: Skyworks Solutions Inc. Q1 Profit Decreases, but beats estimates

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

The company's bottom line totaled $231.3 million, or $1.44 per share. This
compares with $309.4 million, or $1.93 per share, in last year's first quarter.

Excluding items, Skyworks Solutions Inc. reported adjusted earnings of $317.0
million or $1.97 per share for the period.

Analysts on average had expected the company to earn $1.95 per share, according
to figures compiled by Thomson Reuters. Analysts' estimates typically exclude
special items.

The company's revenue for the quarter fell 9.8% to $1.20 billion from $1.33
billion last year.

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

-Earnings (Q1): $231.3 Mln. vs. $309.4 Mln. last year.
-EPS (Q1): $1.44 vs. $1.93 last year.
-Analyst Estimates: $1.95
-Revenue (Q1): $1.20 Bln vs. $1.33 Bln last year.

-Guidance:
Next quarter EPS guidance: $1.52
Next quarter revenue guidance: $1.02 to $1.07 Bln


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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 97,190 29.04.24 08:38:38 +0,240 +0,25% 96,780 98,240 97,190 96,950

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