Investing.com - Skyworks (NASDAQ:SWKS) reported on Thursday first quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Skyworks announced earnings per share of $3.14 on revenue of $1.51B. Analysts polled by Investing.com anticipated EPS of $3.1 on revenue of $1.5B.
Skyworks shares are up 18% from the beginning of the year, still down 31.71% from its 52 week high of $202.87 set on April 29, 2021. They are outperforming the S&P 500 which is down 6.06% from the start of the year.
Skyworks shares lost 1.83% in after-hours trade following the report.
Skyworks follows other major Information Technology sector earnings this month
Skyworks's report follows an earnings beat by Apple on January 27, who reported EPS of $2.1 on revenue of $123.95B, compared to forecasts EPS of $1.9 on revenue of $119B.
Microsoft had beat expectations on January 25 with second quarter EPS of $2.48 on revenue of $51.73B, compared to forecast for EPS of $2.32 on revenue of $50.71B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar