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Skyworks Solutions Fiscal Q3 Adjusted Earnings, Revenue Fall; Shares Drop After Hours

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Skyworks Solutions (SWKS) reported fiscal Q3 adjusted earnings late Tuesday of $1.08 per diluted share, down from $1.33 a year earlier.

Analysts polled by FactSet expected $1.03.

Revenue in the three months ended July 3 fell to $934.8 million from $965 million a year earlier.

Analysts expected $926 million.

The company expects fiscal Q4 adjusted EPS of $1.27 at the midpoint of the revenue range of $1.01 billion to $1.06 billion.

Analysts expect EPS of $1.29 on revenue of $1.03 billion.

Skyworks shares fell 5.7% in after-hours trading.

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