Skyworks Solutions easily hurdled the raised guidance it gave last month for its fiscal third quarter, sending its stock skyward late Thursday. The maker of analog semiconductors for smartphones and other devices earned 83 cents a share excluding items, up 54% from a year earlier, for the June quarter. That compares with its forecast for 80 cents EPS that it gave on June 3, which Wall Street analysts stuck with. It was Skyworks’
SanDisk beat Wall Street’s Q2 earnings targets, but pricing declines and a soft revenue outlook sent the flash-memory chipmaker’s shares sharply lower late Wednesday. SanDisk (SNDK) earnings rose 16% vs. a year earlier to $1.41 a share excluding items. It beat the consensus forecast by 2 cents, but that was by less than in several prior quarters. Sales rose 11% year over year to $1.63 billion in the quarter ended June 29. Analysts
Intel late Tuesday beat recently raised Q2 earnings estimates and gave bullish guidance, thanks to strong business PC demand. The chip giant also said that it will buy back $20 billion in stock. Shares jumped 4% in after-hours trading. During the regular session, Intel (INTC) rose 0.7% to 31.71 after hitting a 10-year high of 31.80 intraday. Intel earned 55 cents a share in its June quarter, up 41% vs. a year earlier. Sales rose 8% to $13.83