Investing.com - Skyworks (NASDAQ:SWKS) reported on Thursday fourth quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Skyworks announced earnings per share of $2.62 on revenue of $1.31B. Analysts polled by Investing.com anticipated EPS of $2.55 on revenue of $1.3B.
Skyworks shares are up 12.07% from the beginning of the year, still down 15.54% from its 52 week high of $202.87 set on April 29. They are under-performing the S&P 500 which is up 24.62% from the start of the year.
Skyworks follows other major Technology sector earnings this month
Skyworks's report follows an earnings beat by Alphabet C on October 26, who reported EPS of $27.99 on revenue of $65.12B, compared to forecasts EPS of $23.83 on revenue of $63.53B.
Taiwan Semiconductor had beat expectations on October 14 with third quarter EPS of $1.07 on revenue of $14.75B, compared to forecast for EPS of $1.04 on revenue of $14.81B.
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