Deutsche Bank Reports Good Guidance For Skyworks Solutions

According to Deutsche Bank, Skyworks Solutions (NASDAQ: SWKS) reported 2Q revenue of $325 million, ahead of estimate of $317 million and consensus of $316 million.

Deutsche Bank said that pro-forma EPS of $0.41 also beat expectations of $0.39. “The company raised guidance for Q3 and set a target for annual numbers, also ahead of our estimates. The company continues to gain share and execute well, meriting our continued Buy rating.”

Skyworks Solutions closed yesterday at $27.51.