Although we don't believe in timing the market or panicking over market movements, we do like to keep an eye on big changes -- just in case they're material to our investing thesis.
What: Shares of analog and mixed-signal semiconductor manufacturer Skyworks Solutions
So what: For the quarter, Skyworks reported a 12% rise in sales to $364.7 million, which was ahead of both its own previous guidance of $360 million and also Wall Street's expectations for $361 million. Non-GAAP profits also exceeded estimates, coming in at $0.42 versus the $0.40 consensus. Looking ahead, Skyworks forecast third-quarter sales of $383 million and a profit of $0.44, which compares to the $381.8 million and $0.45 profit the Street had been looking for.
Now what: Skyworks shareholders should all get a pen and paper and write a letter to Apple
Craving more input? Start by adding Skyworks Solutions to your free and personalized watchlist so you can keep up on the latest news with the company.