at Zacks.com (Thu, 8:49AM)
In spite of an FQ2 beat, Skyworks (SWKS -3.6%) is selling off, as the Street looks unfavorably on guidance for FQ3 revenue of $435M and EPS of $0.53 (consensus is $443.2M and $0.52). Though EPS is expected to get a boost from a 130-180 bps Q/Q increase in gross margin, the revenue guidance might be a sign Samsung strength isn't enough to offset Apple weakness. On its earnings call, Skyworks claimed a "strategic transition from some lower margin components ... towards more margin-rich custom solutions" is responsible. Apple image sensor supplier OmniVision (OVTI -2.8%) is also off, possibly thanks to both Skyworks and Cirrus Logic. (TriQuint) (RF Micro)
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