Why Yahoo, Verizon Communications and Three Other Stocks Are on the Move Today

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Skyworks Solutions Posts Third-Quarter Results

Skyworks Solutions Inc (NASDAQ:SWKS)’s stock is getting crushed today, losing more than 10% so far after reporting an annual decline in profit for the fiscal third quarter. The semiconductors company’s profit came in at $238.1 million, lower than $262.5 million recorded in the third quarter last year. The company earned $1.24 per share, which was above analysts consensus estimate of $1.21. Revenue of $751.7 million also topped the consensus estimate of $750.22 million. Skyworks Solutions expects its fourth-quarter EPS at $1.43, below analysts expectations of $1.42. Ken Griffin’s Citadel Investment Group is one of the 39 investors from our database with long positions in Skyworks Solutions Inc (NASDAQ:SWKS) at the end of the first quarter.

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Technical Communications Skyrockets

Technical Communications Corporation (NASDAQ:TCCO)’ stock has surged  by over 70% so far today, without any significant developments surrounding the company, which suggests that the stock is up on technical buying. The tiny, $9 million, Massachusetts-based communications devices company is expected to report earnings on August 8. Only two funds among those we track owned shares of Technical Communications Corporation (NASDAQ:TCCO) at the end of the first quarter.

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Disclosure: None

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