Skyworks Solutions Ups Outlook On Internet Of Things

By | June 3, 2014

Scalper1 News

Skyworks Solutions (SWKS) upped its fiscal Q3 guidance on Tuesday, saying it expects to benefit from growing interest in connected appliances and devices, sending Skyworks stock up more than 5%. The company says it expects per-share earnings ex items in the current quarter of 80 cents, a boost from its previous forecasts of 73 cents. It sees sales rising 31% to $570 million vs. its former outlook of $535 million, the Woburn, Mass.-based company Scalper1 News

Scalper1 News