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 $3.02 on revenue of $1.41B. Analysts polled by Investing.com anticipated EPS of $2.90 on revenue of $1.4B.
Skyworks shares are up 18% from the beginning of the year, still down 52.72% from its 52 week high of $174.14 set on November 3, 2021.
Skyworks shares lost 2.08% 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 October 27, who reported EPS of $1.29 on revenue of $90.1B, compared to forecasts EPS of $1.26 on revenue of $88.76B.
Microsoft had beat expectations on October 25 with first quarter EPS of $2.35 on revenue of $50.1B, compared to forecast for EPS of $2.32 on revenue of $49.86B.
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