One of the top gainers of the day is a name we used to talk about quite a bit - Skyworks Solutions (SWKS). It is up some 19% today, and is taking some of its friends (such as Triquint Semi +8%) up with it. It is certainly not a name I would be in ahead of earnings, as the chart was a horror show, but as a reader said in comments - we most likely have one very nice short squeeze going on here. Based on the segments it is in, the stock action has been quite poor.
Market News and Data brought to you by Benzinga APIs- Revenue in the three months ended in June rose 27% to $356 million, yielding EPS of 49 cents per share. Analysts had been expecting $345 million and EPS of 46 cents.
- For the current quarter, the company sees revenue of $400 million and EPS of 53 cents, ahead of analysts $370 million and 50-cent-per-share consensus.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
Posted In: Information TechnologySemiconductors
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in