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Analysts cut their sales predictions for Skyworks Solutions after the company reported last quarter's earnings.

ResultsRead the original at Benzinga
Bad for SWKS

Skyworks beat fourth-quarter profit and sales estimates, but its next-quarter forecasts fell short for both. The weaker forecast outweighs those quarterly beats.

SWKS · Skyworks Solutions, Inc.

AI read · Bad for SWKS

The AI's read

The fourth-quarter results came in ahead of analyst expectations. The company’s own forecast for next quarter is weaker for both sales and profit, and analysts lowered their price targets. That weaker forecast matters more than the quarterly beats.

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