Investing.com - Skyworks (NASDAQ:SWKS) reported on Thursday third quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Skyworks announced earnings per share of $1.25 on revenue of $736.8M. Analysts polled by Investing.com anticipated EPS of $1.13 on revenue of $690.75M.
Skyworks shares are up 1% from the beginning of the year , still down 3.11% from its 52 week high of $139.68 set on July 21. They are under-performing the Nasdaq 100 which is up 21.16% from the start of the year.
Skyworks follows other major Technology sector earnings this month
Skyworks's report follows an earnings beat by Microsoft on Wednesday, who reported EPS of $1.46 on revenue of $38.03B, compared to forecasts EPS of $1.38 on revenue of $36.43B.
Taiwan Semiconductor had beat expectations on July 15 with second quarter EPS of $0.79 on revenue of $10.55B, compared to forecast for EPS of $0.72 on revenue of $10.38B.
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