Chip stocks fall with Nvidia after data center rev disappointment
Investing.com - Skyworks reported on Thursday second quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Skyworks announced earnings per share of $2.37 on revenue of $1.17B. Analysts polled by Investing.com EPS of $2.35 on revenue of $1.15B.
Skyworks 's are up 26% and is trading at $184.00 , still down 2.29% from its 52 week high of $202.87 set on Thursday, April 29, 2021.
Skyworks shares lost 7.18% to trade at $184.00 in after-hours trade the report.
Skyworks follows other major Technology sector earnings this month
Skyworks's report follows an earnings beat by Apple on Wednesday, who reported EPS of $1.4 on revenue of $89.58B, EPS of $0.983 on revenue of $76.71B.
Microsoft had beat expectations on Tuesday with third quarter EPS of $1.95 on revenue of $41.71B, for EPS of $1.78 on revenue of $41.04B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar