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.
Fool contributor Sean Williams has no material interest in any companies mentioned in this article. You can follow him on CAPS under the screen name TMFUltraLong, track every pick he makes under the screen name TrackUltraLong, and check him out on Twitter, where he goes by the handle @TMFUltraLong.
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