
Radek Strnad 2023/05/09 1:27pm
What Happened: Shares of wireless chips maker Skyworks Solutions (NASDAQ: SWKS) fell 7.91% in the after-market session after the company reported second-quarter results that missed analysts' revenue, free cash flow, and earnings per share (EPS) estimates. Gross margin also declined, and inventory levels rose. In addition, revenue and EPS guidance for the next quarter came in below expectations. Like many peers that have reported earnings this season, management cited a challenging macro environment, adding to the uncertainty in financial projections for the coming quarters. Overall, it was a weaker quarter for the company. ... Continue Reading