Skyworks (NASDAQ 🙂 announced Tuesday the results of their second quarter. They beat analysts’ predictions and generated revenue above expectations.

Skyworks posted earnings per share (EPS) of $2.63 for revenue $1.34B. Investing.com polled analysts to predict EPS of $2.63 based on $1.33 billion in revenue.

Skyworks shares fell 22.99% in the first year. They are also down 39.54% from their 52-week peak of $197.60, which was set on July 29, 2020. The shares are outperforming the Nasdaq, which has fallen 19.69% since the beginning of the year.

After-hours trading on Skyworks shares fell by 2.40% following the news.

Skyworks is following other important earnings in the Information Technology sector this month

Skyworks’s earnings report comes after an Apple earnings beat on Thursday. Apple reported EPS at $1.52 per share on $97.28B in revenue, while forecasts called for EPS at $1.42 on revenues of $94.03B.

Microsoft exceeded expectations by beating all forecasts on April 26, with third quarterEPS of $2.22 based on revenue $49.36B. This compares to $49.02B revenue and EPS projections of $2.19.

You can keep up-to date on the latest earnings reports by visiting Investing.com’s earnings calendar