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SkyWorks (SWKS) Stock Slips in After-Hours Trading Despite Q3 Earnings Beat

NEW YORK (TheStreet) -- Shares of SkyWorks (SWKS) are slumping by 3.48% to $68.45 in after-hours trading Thursday, despite the Woburn, MA-based semiconductor company reporting better-than-expected third quarter results after today's closing bell.

SkyWorks posted earnings of $1.24 per share on revenue of $751.7 million, while analysts surveyed by Thomson Reuters expected the company to report earnings of $1.21 per share on revenue of $750.22 million.

SkyWorks reported earnings of $1.34 per share on revenue of $810 million for the third quarter of last year.

The company is primarily known for providing...


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