Skyworks rises on new guidance
SKyworks Solutions (SWKS) is higher Wednesday morning after issuing new guidance for the first quarter. The company’s new guidance is lower thant he previous estimates, but the market’s reaction has been positive as it appears to be better than was feared after Apple’s lowered revenue forecast.
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About Skyworks Solutions Inc.
Skyworks Solutions produces semiconductors for wireless handsets and other devices that are used to enable wireless connectivity. Its main products include power amplifiers, filters, switches, and integrated front-end modules that support wireless transmissions. Skyworks' customers are mostly large smartphone manufacturers, but the firm also has a growing presence in nonhandset applications such as wireless routers, medical devices, and automobiles.