Actionable news
0
All posts from Actionable news
Actionable news in SWKS: Skyworks Solutions, Inc.,

These Chipmakers May Feel Riptide From Apple's Disappointing Earnings

As investors continue to digest the significance of Apple's surprisingly weak first-quarter earnings, one additional casualty may be the chipmakers that supply the iPhone maker, including Skyworks Solutions (SWKS - Get Report) and Qorvo (QRVO - Get Report) and Dialog Semiconductor (DLGNF) .

Cupertino, Calif.-based Apple posted disappointing Q1 results Tuesday after the markets closed, missing estimates for both revenues and EPS. It announced $50.55 billion in revenue and $1.90 in EPS, compared to Wall Street's expectation of $51.97 billion and $2 in EPS. Apple also announced weak third-quarter guidance of between $41 billion and $43 billion compared to $47.4 billion. Apple's stock tumbled on Wednesday on the news.

Apple is a holding in Jim Cramer's Action Alerts PLUS Charitable Trust Portfolio. Want to be alerted before Cramer buys or sells AAPL? Learn more now.

The softness of Apple's Q1 may have a negative impact on semiconductor companies that are exposed to the tech giant's...


More