Skyworks Flies Past Q2 Estimates
NEW YORK (TheStreet) - Skyworks Solutions
For the third quarter, Skyworks forecast sales of $435 million and earnings of 53 cents a share, compared to Wall Street's prediction of $443.16 million and 52 cents a share.
Skyworks shares gained 1.95% to reach $22.45 in extended trading.
"As our better than seasonal results and growth outlook demonstrate, Skyworks is gaining margin-rich content and share across mobile applications while capitalizing on adjacent home automation, networking, medical, smart grid and machine-to-machine vertical markets," wrote David Aldrich, the Skyworks CEO, in a statement released after market close.
--Written by James Rogers in New York.
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