Skyworks Solutions (NASDAQ: SWKS)reported its fiscal second-quarter results on May 3. The specialty semiconductor chip manufacturer reported top-line growth of 7% during the period, which was better than management had projected. A much lower tax rate and stock buybacks helped translate the modest top-line gains into double-digit growth on the bottom line.
Skyworks Solutions Exceeds Guidance but Predicts a Challenging Quarter Ahead
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