PREVIEW: Skyworks Solutions slips ahead of quarterly results
** Shares of Skyworks Solutions SWKS.O slipped about 1.2% on Tuesday, ahead of quarterly results after the bell, with a focus on lackluster smartphone demand
** Shares of the iPhone chip supplier down about 23% YTD, underperforming the Nasdaq's .IXIC 29% rise
** Apple AAPL.O, on Oct. 31, reported quarterly sales ahead of Wall Street expectations, but a modest rev. forecast raised questions whether iPhone demand momentum will hold over the holiday sales season
** Analysts expect quarterly rev. to fall 16% yr/yr to $1.02 bln, with adjusted EPS seen at $1.52 vs $2.20 last year, according to data compiled by LSEG
** Stock recently traded at 13 times its expected earnings, below the 5-yr avg. forward price-to-earnings ratio of 14 - LSEG data
Reporting by Noel Randewich
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