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Skyworks revenues beat guidance in June quarter, raises quarterly dividend

Thursday 8 August 2019 | 10:00 CET | News
Chipmaker Skyworks Solutions reported lower results for its fiscal third quarter to 28 June but the figures still beat the company's own guidance. Revenues fell to USD 767.0 million from USD 894.30 million a year earlier, attributed to market volatility, above all the need to stop all shipments to Huawei and its affiliates following the US ban. Net profit declined to USD 144.1 million from USD 286.5 million, with diluted shares falling to USD 0.83 from USD 1.57. Adjusted earnings per share slid to USD 1.47 from 1.64. The company kept its quarterly dividend at USD 0.38 per share.

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Categories: Mobile & Wireless
Companies: Huawei / Skyworks
Countries: World
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