Skyworks Beats Q4 Estimates: Will 1Q25 Outlook Drag Shares Down?
Skyworks(SWKS) ZACKS·2024-11-14 02:26
Skyworks Solutions (SWKS) reported non-GAAP earnings of $1.55 per share in fourth-quarter fiscal 2024, beating the Zacks Consensus Estimate by 1.97% and declining 29.5% year over year.Revenues of $1.02 billion dipped 15.9% on a year-over-year basis but surpassed the consensus mark by 0.31%.Mobile revenues contributed nearly 65% to total revenues and increased 21% sequentially. This growth was attributed to the normalization of customer orders and inventory levels, as well as support for seasonal product ram ...