Skyworks Forecasts First-Quarter Revenue and Profit Below Expectations
Skyworks Solutions forecast first-quarter revenue and profit below Wall Street expectations, citing persistent weakness in its core smartphone business. Shares fell more than 14% in extended trading.
Skyworks Solutions NASDAQ:SWKS forecast first-quarter revenue and profit below Wall Street expectations on Tuesday, signaling persistent weakness in its core smartphone business.Shares of the chipmaker slumped more than 14% in extended trading.Here are some details