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Skyworks Solutions falls after disappointing forecast. Here’s what the experts say to do next

Garry Wills by Garry Wills
May 9, 2023
in Business Finance
Skyworks Solutions falls after disappointing forecast. Here’s what the experts say to do next
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Market Movers rounded up the best reactions from investors and analysts on Skyworks Solutions , which tumbled after issuing a disappointing third-quarter forecast. The experts, including Jim Cramer , discussed the semiconductor stock as its shares closed Tuesday down 5%. On Monday, the Apple supplier said it expected to earn $1.67 per share, on a non-GAAP basis, in its fiscal third quarter. That’s below the consensus estimate of $2.06 per share from StreetAccount. Additionally, BMO downgraded the stock to market perform from outperform , saying a combination of factors will hurt its future performance.



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