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Skyworks Solutions (NASDAQ:SWKS) shares are trading lower in Thursday's after-hours session.
Skyworks Solutions reported quarterly earnings of $1.68 per share, which beat the analyst consensus estimate of $1.65 by 1.82%. This is an 8.2% decrease over earnings of $1.83 per share from the same period last year.
The company reported quarterly sales of $896 million, which beat the analyst consensus estimate of $880.47 million by 1.76%. This is a 7.82% decrease over sales of $972 million the same period last year.
Separately, Broadcom (NASDAQ:AVGO) announced some of its subsidiaries have entered into two separate multi-year statement of work agreements with Apple Inc. (NASDAQ:AAPL).
Skyworks Solutions shares closed up 2.6% at $128.19 and traded down about 2.8% in the after-hours session. The stock has a 52-week high of $128.33 and a 52-week low of $90.85.
Photo credit: Raimond Spekking via Wikimedia Commons
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.
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