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Technology Stocks : Semi Equipment Analysis

SOXX 296.26

-3.9%

4:00 PM EST

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To: Return to Sender who wrote (90161)	5/8/2023 9:55:44 PM
From: Return to Sender	1 Recommendation of 95346

MW Skyworks stock falls following weak outlook Skyworks stock falls following weak outlook 4:16 PM ET 5/8/23 \| MarketWatch Skyworks Solutions Inc. (SWKS) shares declined in the extended session Monday after the analog and mixed-signal chip maker's outlook fell short of Wall Street expectations. Skyworks shares fell 4% after hours, following a 1.1% rise in the regular session to close at $105.24. Skyworks forecast a midpoint earnings of $1.67 a share on revenue between $1.05 billion and $1.09 billion for the third fiscal quarter, while analysts surveyed by FactSet had estimated $2.06 a share on revenue of $1.15 billion. The company reported second-quarter net income of $232.8 million, or $1.46 a share, compared with $305.8 million, or $1.86 a share, in the year-ago period. Adjusted earnings, which exclude stock-based compensation expenses and other items, were $2.02 a share, compared with $2.63 a share in the year-ago period. Revenue declined to $1.15 billion from $1.34 billion in the year-ago quarter. Analysts had estimated $2.02 a share on revenue of $1.15 billion. -Wallace Witkowski This content was created by MarketWatch, which is operated by Dow Jones & Co. MarketWatch is published independently from Dow Jones Newswires and The Wall Street Journal.

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