Skyworks Shares Fall 16% After Lower Fourth-Quarter Sales and Profit
Skyworks shares fell 16% to $71.59 in after-hours trading after the company reported lower revenue and profit for its latest quarter. Revenue fell 5%.
By Katherine HamiltonShares of Skyworks Solutions slipped after the company logged lower revenue and profit in its latest quarter.The stock slid 16%, to $71.59, in after-hours trading Tuesday. Through the close, shares were up 35% this year.Revenue in the fiscal fourth quarter fell 5%, to $1.05 bil…