When you linking your Twitter Account Market Wire News Trending Stocks news and your Portfolio Stocks News will automatically tweet from your Twitter account.
Be alerted of any news about your stocks and see what other stocks are trending.
SWKS - Assessing The Damage For Skyworks Solutions Lost Of Apple ASP
Skyworks Solutions Inc.
2024-06-19 04:52:02 ET
Summary
Skyworks Solutions reported a 10% loss in average selling price for an upcoming phone, believed to be temporary.
The company's guidance for June fell short of estimates, with revenue projected to be $900 million compared to a $1.02 billion estimate.
Analysts have mixed reactions, with some maintaining a buy rating and others downgrading to a hold due to uncertainty surrounding the loss of the Apple socket.