02.11.2023 21:16:10 - dpa-AFX: Skyworks Solutions Inc. Q4 Profit Decreases, but beats estimates

WASHINGTON (dpa-AFX) - Skyworks Solutions Inc. (SWKS) reported a profit for
fourth quarter that decreased from last year but beat the Street estimates.

The company's bottom line came in at $244.8 million, or $1.52 per share. This
compares with $302.2 million, or $1.88 per share, in last year's fourth quarter.

Excluding items, Skyworks Solutions Inc. reported adjusted earnings of $352.8
million or $2.20 per share for the period.

Analysts on average had expected the company to earn $2.10 per share, according
to figures compiled by Thomson Reuters. Analysts' estimates typically exclude
special items.

The company's revenue for the quarter fell 13.5% to $1.22 billion from $1.41
billion last year.

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

-Earnings (Q4): $244.8 Mln. vs. $302.2 Mln. last year.
-EPS (Q4): $1.52 vs. $1.88 last year.
-Analyst Estimates: $2.10
-Revenue (Q4): $1.22 Bln vs. $1.41 Bln last year.

-Guidance:
Next quarter revenue guidance: $1.175 to $1.225 Bln


Copyright(c) 2023 RTTNews.com. All Rights Reserved

Copyright RTT News/dpa-AFX
Name WKN Börse Kurs Datum/Zeit Diff. Diff. % Geld Brief Erster Schluss
SKYWORKS SOL. DL-,25 857760 Frankfurt 86,120 15.05.24 18:17:01 -1,400 -1,60% 0,000 0,000 87,210 86,120

© 2000-2024 DZ BANK AG. Bitte beachten Sie die Nutzungsbedingungen | Impressum
2024 Infront Financial Technology GmbH