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Top related persons:
Chipmaker Skyworks - 1 Skyworks - 1 Jaspreet Singh - 1 Shinjini - 1
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Bengaluru
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Apple - 1 Skyworks - 1 Wall - 1 Thomson - 1

Search resuls for: "Chipmaker Skyworks"


2 mentions found


☆ Chipmaker Skyworks sees profit below estimates on weak demand
  + stars: | 2023-08-07 | by ( ) www.reuters.com   time to read: +1 min
Aug 7 (Reuters) - Apple supplier Skyworks Solutions (SWKS.O) on Monday forecast fourth-quarter profit below Wall Street estimates as demand for wireless connected devices from customers outside the artificial intelligence (AI) industry remains gloomy. Apple (AAPL.O) - Skyworks' largest customer - last week predicted its sales would fall for a fourth straight quarter, dragged down by weak demand for its flagship device. Chipmaker Skyworks said it expects fourth-quarter adjusted earnings of $2.10 per share, slightly below market estimates of $2.11 per share, according to Refinitiv data. It anticipates fourth-quarter revenue between $1.19 billion and $1.24 billion, the mid-point of which was in-line with analysts' average estimates of $1.22 billion. Excluding items, Skyworks posted profit of $1.73 per share in the third quarter ended June 30, above estimates of $1.70, according to Refinitiv data.
Persons: Chipmaker Skyworks, Skyworks, Jaspreet Singh, Shinjini Organizations: Apple, Skyworks, Wall, Thomson Locations: Bengaluru
☆ Baupost’s Seth Klarman ups his stakes in Alphabet, Coinbase to ride the tech rebound
  + stars: | 2023-05-12 | by ( Yun Li | ) www.cnbc.com   time to read: +1 min
Baupost's Seth Klarman added to his technology holdings in the first quarter, including Google parent Alphabet and Coinbase , to take advantage of the big rebound in the sector, according to a new regulatory filing. Meanwhile, Klarman hiked his Coinbase bet by nearly 80% to $29 million. The cryptocurrency exchange was one of the biggest winners in the first quarter, jumping more than 90% to rebound from a dismal 2022. And just like Buffett, Klarman pivoted to technology in recent years to take advantage of growth stocks' leadership in the market. He gained $1.6 billion from hedging last year, which helped offset losses on the long side, the FT reported.
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