Skyworks: Fiscal Q2 Earnings Snapshot
IRVINE, Calif. (AP) — IRVINE, Calif. (AP) — Skyworks Solutions Inc. (SWKS) on Tuesday reported fiscal second-quarter net income of $183.3 million.
The Irvine, California-based company said it had net income of $1.14 per share. Earnings, adjusted for one-time gains and costs, were $1.55 per share.
The results exceeded Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of $1.52 per share.
The chipmaker posted revenue of $1.05 billion in the period, matching Street forecasts.
For the current quarter ending in June, Skyworks expects its per-share earnings to be $1.21.
The company said it expects revenue in the range of $900 million for the fiscal third quarter.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on SWKS at https://www.zacks.com/ap/SWKS