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

• Skyworks Solutions Inc SWKS.OQ reported quarterly adjusted earnings of $1.24​​ per share for the quarter ended March 31, lower than the same quarter last year, when the company reported EPS of $1.55. The mean expectation of twenty two analysts for the quarter was for earnings of $1.20 per share. Wall Street expected results to range from $1.15 to $1.27 per share.

• Revenue fell 8.9% to $953.20 million from a year ago; analysts expected $951.47 million.

• Skyworks Solutions Inc's reported EPS for the quarter was 43 cents​.

• The company reported quarterly net income of $68.7 million.

• Skyworks Solutions Inc shares had risen by 2.1% this quarter and lost 25.6% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 1.4% in the last three months.​

• In the last 30 days, one analyst negatively revised an earnings estimate

RECOMMENDATIONS

• The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 1 "strong buy" or "buy," 23 "hold" and 4 "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 $66.00

This summary was machine generated from LSEG data May 7 at 09:06 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)