Investing.com - Skyworks (NASDAQ:SWKS) reported third quarter earnings that matched analysts' expectations on Wednesday and revenue that topped forecasts.
The firm reported earnings per share of $1.35 on revenue of $767M. Analysts polled by Investing.com anticipated EPS of $1.35 on revenue of $766.13M. That compared to EPS of $1.64 on revenue of $894.3M (NYSE:MMM) in the same period a year earlier. The company had reported EPS of $1.47 on revenue of $810.4M in the previous quarter.
Skyworks shares lost 2.57% to trade at $77.85 in after-hours trade following the report.
Skyworks follows other major Technology sector earnings this month
On July 18, Microsoft reported fourth quarter EPS of $1.37 on revenue of $33.72B, compared to forecasts of EPS of $1.21 on revenue of $32.77B.
Apple earnings beat analysts' expectations on July 30, with third quarter EPS of $2.18 on revenue of $53.81B. Investing.com analysts expected EPS of $2.09 on revenue of $53.32B
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar