Skyworks Solutions (SWKS) on Friday received six price target increases from analysts after the radio-frequency chipmaker’s fiscal Q4 earnings report late Thursday easily topped Wall Street views. The Woburn, Mass.-based company’s outlook for the current quarter also beat analysts’ estimates. “Most notable was the continued growth in China smartphones and Samsung despite incremental weakness, and confidence around continued gross margin
Skyworks Solutions late Thursday reported fiscal Q4 sales and earnings that handily beat Wall Street estimates, as did the company’s outlook for the current quarter. Investors, however, apparently wanted more upside from the Apple (AAPL) supplier, as Skyworks (SWKS) stock was flat in after-hours trading, after the company released results for the quarter ended Oct. 3. Skyworks said that its Q4 revenue jumped 51% from the year-earlier quarter to
Skyworks Solutions, an Apple chip supplier that last month raised its revenue guidance, is expected to post a 51% revenue jump when it reports its fiscal Q4 earnings results after the market close Thursday. Such an increase would be its most in at least 18 quarters. Skyworks Solutions (SWKS), which is widely believed to be a supplier of radio-frequency chips for Apple (AAPL) iPhones and iPads, on Oct. 14 raised its guidance, forecasting revenue of