Skyworks Solutions (SWKS - Free Report) just released its second-quarter 2017 financial results, posting earnings of $1.33 per share and revenues of $851.7 million.
Currently, SWKS is a Zacks Rank #2 (Buy), but this ranking could be changed based on today’s results. The stock is down 2.58% to $101.51 per share in trading shortly after its earnings report was released.
Skyworks:
Beat earnings estimates. The company posted earnings of $1.33 per share (excluding 13 cents from non-recurring items), beating the Zacks Consensus Estimate of $1.30.
Beat revenue estimates. The company saw revenue figures of $851.7 million, beating our consensus estimate of $840 million.
The company now expects third-quarter revenues of $890 million and non-GAAP diluted earnings of $1.52 per share. These figures would represent growth of 18% and 23%, respectively.
Skyworks declared a cash dividend of $0.28 per share of common stock, payable on June 6, 2017, to stockholders of record at the close of business on May 16, 2017.
“Expanding content gains coupled with successful product ramps across a diverse customer set are enabling Skyworks to demonstrably outpace our addressable markets," said CFO Kris Sennesael
Here’s a graph that looks at Skyworks’ latest earnings performance:
Skyworks Solutions, Inc. is the industry's leading wireless semiconductor company focused on radio frequency (RF) and complete semiconductor system solutions for mobile communications applications.
Check back later for our full analysis on Skyworks’ earnings report!
Want more stock market analysis from this author? Make sure to follow @Ryan_McQueeney on Twitter!
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It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
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Skyworks Solutions (SWKS - Free Report) just released its second-quarter 2017 financial results, posting earnings of $1.33 per share and revenues of $851.7 million.
Currently, SWKS is a Zacks Rank #2 (Buy), but this ranking could be changed based on today’s results. The stock is down 2.58% to $101.51 per share in trading shortly after its earnings report was released.
Skyworks:
Beat earnings estimates. The company posted earnings of $1.33 per share (excluding 13 cents from non-recurring items), beating the Zacks Consensus Estimate of $1.30.
Beat revenue estimates. The company saw revenue figures of $851.7 million, beating our consensus estimate of $840 million.
The company now expects third-quarter revenues of $890 million and non-GAAP diluted earnings of $1.52 per share. These figures would represent growth of 18% and 23%, respectively.
Skyworks declared a cash dividend of $0.28 per share of common stock, payable on June 6, 2017, to stockholders of record at the close of business on May 16, 2017.
“Expanding content gains coupled with successful product ramps across a diverse customer set are enabling Skyworks to demonstrably outpace our addressable markets," said CFO Kris Sennesael
Here’s a graph that looks at Skyworks’ latest earnings performance:
Skyworks Solutions, Inc. is the industry's leading wireless semiconductor company focused on radio frequency (RF) and complete semiconductor system solutions for mobile communications applications.
Check back later for our full analysis on Skyworks’ earnings report!
Want more stock market analysis from this author? Make sure to follow @Ryan_McQueeney on Twitter!
Zacks’ Hidden Trades
While we share many recommendations and ideas with the public, certain moves are hidden from everyone but chosen members of our portfolio services. Would you like to peek behind the curtain today and view them?
Starting today, and for the next month, you can follow all Zacks’ private buys and sells in real time. Our experts cover all kinds of trades: value, momentum, ETFs, stocks under $10, stocks that corporate insiders are buying up, and companies that are about to report positive earnings surprises. You can even look inside portfolios so exclusive that they are normally closed to new investors. Click here for Zacks’ secret trades>>
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
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