Skyworks (SWKS) Stock Falls in After-Hours Trading Despite Q4 Beat

NEW YORK (TheStreet) -- Skyworks Solutions  (SWKS)  stock was declining in after-hours trading on Thursday despite reporting better-than-expected results for the 2016 fourth quarter. 

After the market close, the Woburn, MA-based semiconductor company reported adjusted earnings of $1.47 per share, topping analysts' estimates of $1.43 per share. 

Revenue of $835.4 million beat the FactSet consensus of $831.3 million.

Skyworks expects fiscal 2017 first-quarter adjusted earnings of $1.58 per share and revenue growth between 7% and 9% sequentially. 

Analysts surveyed by FactSet are modeling adjusted earnings of $1.56 per share and revenue of $892.8 million for the quarter.

Separately, TheStreet Ratings team rates the stock as a "buy" with a ratings score of B+.

Skyworks' strengths such as its largely solid financial position with reasonable debt levels by most measures, notable return on equity, expanding profit margins and increase in stock price during the past year outweigh the fact that the company has had sub par growth in net income.

You can view the full analysis from the report here: SWKS

TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this article's author.

More from Markets

Video: There Are Some Big Changes Coming to the PGA Championships in 2019

Video: There Are Some Big Changes Coming to the PGA Championships in 2019

Video: One-on-One With Pluralsight's CEO Following Its Successful IPO

Video: One-on-One With Pluralsight's CEO Following Its Successful IPO

CBS-Viacom Battle Comes to a Head; FDA Approves Novartis Migraine Drug --ICMYI

CBS-Viacom Battle Comes to a Head; FDA Approves Novartis Migraine Drug --ICMYI

Listen: Here's What You Need To Know About ETFs Today (Hint: They're on Fire!)

Listen: Here's What You Need To Know About ETFs Today (Hint: They're on Fire!)

Cramer and His Team Stick to Their Disciplines -- Even When It's Disappointing

Cramer and His Team Stick to Their Disciplines -- Even When It's Disappointing