Skyworks Earnings Match Estimates While Revenue Surpasses Expectations

Skyworks (NASDAQ: ) has reported its third quarter earnings per share (EPS) at $1.21, matching the analysts’ estimates. For the quarter, revenue reached $905.5 million, slightly surpassing the consensus estimate of $900.41 million.

### Guidance
Skyworks anticipates an EPS of $1.52 for the fourth quarter of 2024, which is above the analyst consensus of $1.51. The company expects revenue to fall between $1.00 billion and $1.04 billion, in comparison to the analyst consensus of $1.01 billion.

Skyworks’ stock closed at $117.69 and has seen an increase of 27.22% over the past three months, along with a 2.90% rise over the past year. In the last 90 days, there have been zero positive revisions for EPS, contrasted with 24 negative revisions.

Skyworks holds a “good performance” rating for its financial health. For updates on future earnings reports, keep an eye on relevant financial news resources.