Apple supplier Skyworks cuts Q1 guidance

|About: Skyworks Solutions, Inc. (SWKS)|By:, SA News Editor

Skyworks (NASDAQ:SWKS) cuts its Q1 forecast citing unit weakness across its largest smartphone clients. The revenue outlook now stands at $970M (prior: $1B to $1.02B) with EPS of $1.81 to $1.84 (prior: $1.91 at midpoint).

Apple recently cut its already soft guidance for the holiday quarter on soft iPhone sales and Samsung blamed its Q4 weakness, in part, on smartphone competition.

Skyworks will report earnings on February 5.

Skyworks shares are up 2% aftermarket.

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