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What: Shares of Skyworks Solutions
So what: The company is expecting fourth quarter revenue to be right around $420 million, which is actually on the high end of its previously provided guidance, which called for between $415 million and $420 million. Adjusted earnings per share should be $0.52, even above its previous forecast. The company is also hosting its analyst day today.
Now what: That guidance represents just an 8% sequential increase, which is more than rivals like Avago Technologies
Interested in more info on Skyworks Solutions? Add it to your watchlist by clicking here.
Fool contributor Evan Niuholds no position in any company mentioned. Click here to see his holdings and a short bio. The Motley Fool owns shares of TriQuint Semiconductor. The Motley Fool has a disclosure policy. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. Try any of our Foolish newsletter services free for 30 days.
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