Skyworks Solutions Inc reports results for the quarter ended December 31 - Earnings Summary

• Skyworks Solutions Inc SWKS.OQ reported quarterly adjusted earnings of $1.60​​ per share for the quarter ended December 31, lower than the same quarter last year, when the company reported EPS of $1.97. The mean expectation of twenty three analysts for the quarter was for earnings of $1.57 per share. Wall Street expected results to range from $1.56 to $1.59 per share.

• Revenue fell 11.1% to $1.07 billion from a year ago; analysts expected $1.07 billion.

• Skyworks Solutions Inc's reported EPS for the quarter was $1.00​.

• The company reported quarterly net income of $162 million.

• Skyworks Solutions Inc shares had fallen by 2.6% this quarter.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 8.7% in the last three months.​

• In the last 30 days, there have been no earnings estimate revisions by analysts covering the company.

RECOMMENDATIONS

• The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 7 "strong buy" or "buy," 19 "hold" and 3 "sell" or "strong sell."

• The average consensus recommendation for the semiconductors peer group is also "hold"

Wall Street's median 12-month price target for Skyworks Solutions Inc is $95.68

This summary was machine generated from LSEG data February 5 at 10:02 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)