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Skyworks (SWKS) Stock Falls in After-Hours Trading Despite Q4 Beat

NEW YORK (TheStreet) -- Skyworks Solutions (SWKS) stock was declining in after-hours trading on Thursday despite reporting better-than-expected results for the 2016 fourth quarter.

After the market close, the Woburn, MA-based semiconductor company reported adjusted earnings of $1.47 per share, topping analysts' estimates of $1.43 per share.

Revenue of $835.4 million beat the FactSet consensus of $831.3 million.

Skyworks expects fiscal 2017 first-quarter adjusted earnings of $1.58 per share and...