Skyworks & QLogic Face High Expectations
24 Janeiro 2011 - 2:25PM
Marketwired
Shares throughout the Semiconductor- Integrated Circuits industry
have been hit hard of late following a string of disappointing
earnings reports. Companies focused on cell phone chips had been on
a tear the past year, and investors had come to expect
"beat-and-raise" quarterly earnings reports -- as in beat analyst
estimates, and raise guidance. When this doesn't materialize,
carnage can break out on the trading floor. The Bedford Report
examines the outlook for companies in the Semiconductor -
Integrated Circuits Industry and provides research reports on
Skyworks Solutions, Inc. (NASDAQ: SWKS) and QLogic Corporation
(NASDAQ: QLGC). Access to the full company reports can be found at:
www.bedfordreport.com/2011-01-SWKS
www.bedfordreport.com/2011-01-QLGC
Cell phone chipmaker Skyworks solutions saw its share price dip
last week after the company said its fiscal first quarter net
income totaled $60.9 million, or 32 cents per share, compared with
year-earlier earnings of $28 million, or 16 cents per share.
Adjusted earnings came in at 45 cents a share, while revenues rose
37 percent to $335.1 million from $245.1 million.
For the next quarter Skyworks predicts a 30 to 34 percent
year-over-year jump in sales due to surging demand for its chips
found in popular tablet computers and smart phones.
The Bedford Report releases regular market updates on the
Semiconductor - Integrated Circuits Industry so investors can stay
ahead of the crowd and make the best investment decisions to
maximize their returns. Take a few minutes to register with us free
at www.bedfordreport.com and get exclusive access to our numerous
analyst reports and industry newsletters.
Skyworks' industry peer QLogic will report earnings this
Thursday. The supplier of high performance network infrastructure
solutions has already reported "preliminary" third quarter
earnings, saying that it expects revenues in the range of $155
million to $156 million as compared with the previous expectation
of $148 million to 156 million. On a non-GAAP basis QLogic expects
net income of 48 cents to 49 cents per share, up from the
previously projected range of 34 cents to 38 cents.
The Bedford Report provides Analyst Research focused on equities
that offer growth opportunities, value, and strong potential
return. We strive to provide the most up-to-date market activities.
We constantly create research reports and newsletters for our
members. The Bedford Report has not been compensated by any of the
above-mentioned companies. We act as an independent research portal
and are aware that all investment entails inherent risks. Please
view the full disclaimer at:
http://www.bedfordreport.com/disclaimer.
Add to Digg Bookmark with del.icio.us Add to Newsvine
Contact: The Bedford Report Email Contact
Skyworks Solutions (NASDAQ:SWKS)
Gráfico Histórico do Ativo
De Jun 2024 até Jul 2024
Skyworks Solutions (NASDAQ:SWKS)
Gráfico Histórico do Ativo
De Jul 2023 até Jul 2024