Why Skyworks Solutions Stock Was Falling Earlier Tuesday
Shares of Skyworks Solutions (NASDAQ: SWKS) were down 6% as of 1:11 p.m. ET on Tuesday following disappointing guidance issued in its fiscal second-quarter earnings report. The supplier of analog and mixed-signal semiconductors posted another sequential decline in revenue amid challenging conditions in the chip industry. After posting robust growth over a year ago, Skyworks has reported declining revenue for two consecutive quarters.