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What: Shares of semiconductor designer Skyworks Solutions
So what: During earnings season, the math for stock pops and drops is generally pretty simple -- beat analysts' estimates and you're headed up, miss them and you're southbound. For Skyworks, the former was the case as the company announced non-GAAP earnings per share of $0.41 versus analyst estimates of $0.39. Revenue of $325 million also topped the expected $317 million. Compared to last year, the results also looked good as revenue rose 37% and non-GAAP earnings per share soared 71%.
Now what: While beating current-quarter earnings estimates can get a stock going during earnings season, projecting future earnings that are better than expected can really give some added oomph. Fortunately for Skyworks shareholders, management did just that, guiding for $0.46 in non-GAAP EPS in the second quarter versus current Wall Street estimates of $0.43.
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