— The semiconductor stock fell nearly 9%.
Skyworks said its business fundamentals remained strong in the second quarter despite the challenging backdrop, but did guide third-quarter earnings and revenue to come in below Wall Street expectations. The company posted second-quarter earnings of $2.02 per share, excluding items, in line with analysts' expectations, according to Refinitiv. Revenue was also in line with the Street's forecast.
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Palantir stock roars higher after a second straight earnings surprisePalantir Technologies Inc. delivered a surprise profit for the second quarter in a row Monday, while also topping revenue expectations.
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Palantir soars 25% on earnings beat and prediction of full-year profitabilityPalantir CEO Alex Karp said the company expects to remain profitable 'each quarter through the end of the year.'
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Big Tech has made earnings look better, but here come Disney and PayPalMuch of the first-quarter earnings blizzard has passed, and the results, overall, haven't been as bad as expected, thanks to Apple, Amazon and Microsoft.
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