Why Skyworks Solutions Shares Fell

Before you go, we thought you'd like these...
Before you go close icon

Although we don't believe in timing the market or panicking over market movements, we do like to keep an eye on big changes -- just in case they're material to our investing thesis.

What: Shares of Skyworks Solutions (NAS: SWKS) have fallen by as much as 21% today, after the company updated guidance and kicked off its annual analyst day.

So what: The company is expecting fourth quarter revenue to be right around $420 million, which is actually on the high end of its previously provided guidance, which called for between $415 million and $420 million. Adjusted earnings per share should be $0.52, even above its previous forecast. The company is also hosting its analyst day today.


Now what: That guidance represents just an 8% sequential increase, which is more than rivals like Avago Technologies (NAS: AVGO) are expecting, but less than what TriQuint Semiconductor (NAS: TQNT) sees in its future. It would seem that something the company is sharing at its analyst day is causing some pessimism among investors. Unfortunately, at this point, there's not a lot of information as to what the precise culprit may be.

Interested in more info on Skyworks Solutions? Add it to your watchlist byclicking here.

The article Why Skyworks Solutions Shares Fell originally appeared on Fool.com.

Fool contributorEvan Niuholds no position in any company mentioned.Click hereto see his holdings and a short bio. The Motley Fool owns shares of TriQuint Semiconductor. The Motley Fool has adisclosure policy. We Fools may not all hold the same opinions, but we all believe thatconsidering a diverse range of insightsmakes us better investors. Try any of our Foolish newsletter servicesfree for 30 days.

Copyright © 1995 - 2012 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.

Read Full Story

Want more news like this?

Sign up for Finance Report by AOL and get everything from business news to personal finance tips delivered directly to your inbox daily!

Subscribe to our other newsletters

Emails may offer personalized content or ads. Learn more. You may unsubscribe any time.

From Our Partners