How Skyworks Solutions Inc Is Growing Beyond Apple

A first quarter earnings beat and a stronger outlook for the ongoing quarter sent its stock soaring to new 52-week highs, as it rose over 13% in a single day. For the fiscal second quarter, Skyworks believes that its revenue will grow 8% year-over-year to $840 million, exceeding the consensus forecast of $818 million, while earnings of $1.40 per share should significantly outpace analyst estimates of $1.24 per share.