Apple supplier Skyworks jumps after better-than-feared forecast

Skyworks' March-quarter revenue forecast of $910 million at the mid-point and a profit outlook of $1.60 per share on that basis missed Wall Street estimates of revenue of $921 million and profit of $1.61 per share, per Thomson Reuters I/B/E/S. "While the Apple weakness is impacting everyone in the supply chain, Skyworks is experiencing less of a downturn than most as it expands its broad markets business and captures content in other handset providers," Northland Capital Markets analyst Tom Sepenzis said in a client note.

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