Skyworks Edges Past Q2 Estimates, but Its Stock Falls 8% Anyway
Skyworks Solutions (NASDAQ: SWKS) didn't end the week on a happy note, as investors were disappointed by the company's latest set of quarterly results -- which were actually quite impressive.
On Friday, Skyworks published its second-quarter figures for fiscal 2021, showing a new all-time high in revenue for the quarter at $1.17 billion. That was 53% higher on a year-over-year basis. Adjusted net profit shot 72% higher to over $395 million, or $2.37 per share.
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Source Fool.com
