— 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.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Ireland Ireland Latest News, Ireland Ireland Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
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.
Source: MarketWatch - 🏆 3. / 97 Read more »
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.'
Source: CNBC - 🏆 12. / 72 Read more »
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.
Source: MarketWatch - 🏆 3. / 97 Read more »