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Skyworks Down 4% Despite FYQ3 Beat, Higher Q4 View

Wireless chip vendor Skyworks Solutions (SWKS) this afternoon reported fiscal Q3 revenue and profit that topped analysts’ expectations, and beat with its outlook for this quarter as well, though its shares sagged in late trading.

Revenue in the three months ended in June rose to $900.8 million, yielding EPS of $1.57.

Analysts had been modeling $891 million and $1.52 per share.

For the current quarter, the...