Skyworks Solutions Inc. stock dipped in late trading Monday despite beating earnings expectations in wrapping up its fiscal year. Skyworks reported fourth-quarter net income of $281.3 million, or $1.51 a share, on sales of $984.6 million, up from $835.4 million a year ago. After adjustments for stock-based compensation and other effects, the company reported earnings of $1.82 a share, up from $1.47 a share in the same period last year. On average, analysts expected Skyworks to report adjusted earnings of $1.75 a share on sales of $980.2 million. The company’s guidance for the first quarter of the 2018 fiscal year was in line with analysts’ expectations, calling for adjusted earnings of $1.91 a share on sales of $1.05 billion. Shares fell more than 3.5% in late trading, moving close to $112 after closing with a 2.8% gain at $116.33, in an earnings season that has beenoccasionally brutal to chip makers who don’t post big earnings beats. Skyworks stock had gained 55.8% this year through Monday’s close, while the S&P 500 index had gained 15.6%.
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