Skyworks Solutions Inc (NASDAQ:SWKS), on Thursday, reported upbeat earnings for its fourth quarter, but issued weak revenue forecast for its fiscal first quarter.

Revenue came in at $1.219 billion, beating estimates of $1.216 billion. The company posted earnings of $2.20 per share, topping expectations of $2.10 per share.

Skyworks said sees fiscal first-quarter revenue in the range of $1.175 billion to $1.225 billion versus estimates of $1.29 billion. The company expects adjusted earnings of $1.95 in the first quarter.

Skyworks shares gained 1.2% to trade at $90.53 on Friday.

These analysts made changes to their price targets on Skyworks following earnings announcement.

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