Skyworks Q3 Profit Tops Estimates - Quick Facts

(RTTNews) - Skyworks Solutions, Inc. (SWKS), an innovator of high performance analog semiconductors connecting people, places and things, reported third quarter net income of $207.4 million compared to $111.4 million, a year ago. Earnings per share was $1.06 compared to $0.58. Non-GAAP earnings per share for the third fiscal quarter was $1.34.

On average, 21 analysts polled by Thomson Reuters expected the company to report profit per share of $1.29 for the quarter. Analysts' estimates typically exclude special items.

Revenue for the third fiscal quarter was $810.0 million, up 38 percent year-over-year. Analysts expected revenue of $801.57 million for the quarter.

For the fourth quarter, Skyworks forecasts non-GAAP earnings per share of $1.51. The company anticipates revenue of $875 million. Analysts expect the company to report earnings per share of $1.42 on revenue of $863.03 million.