Chip stocks fall with Nvidia after data center rev disappointment
Investing.com - Skyworks reported on Thursday first quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Skyworks announced earnings per share of $3.14 on revenue of $1.51B. Analysts polled by Investing.com EPS of $3.1 on revenue of $1.5B.
Skyworks 's are up 18% and is trading at $136.00 , still down 31.71% from its 52 week high of $202.87 set on Thursday, April 29, 2021.
Skyworks shares lost 1.83% to trade at $136.00 in after-hours trade the report.
Skyworks follows other major Information Technology sector earnings this month
Skyworks's report follows an earnings beat by Apple on Thursday, January 27, 2022, who reported EPS of $2.1 on revenue of $123.95B, EPS of $1.9 on revenue of $119B.
Microsoft had beat expectations on Tuesday, January 25, 2022 with second quarter EPS of $2.48 on revenue of $51.73B, for EPS of $2.32 on revenue of $50.71B.
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