Skyworks Solutions Inc. Announces 9% Fall In Q3 Bottom Line

(RTTNews) - Skyworks Solutions Inc. (SWKS) revealed a profit for third quarter that declined from last year.

The company said its bottom line declined to $238.1 million, or $1.24 per share. This was lower than $262.5 million, or $1.34 per share, in last year's third quarter.

Analysts had expected the company to earn $1.21 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter fell 7.2% to $751.7 million. This was down from $810.0 million last year.

Skyworks Solutions Inc. earnings at a glance:

-Earnings (Q3): $238.1 Mln. vs. $262.5 Mln. last year. -Earnings Decline (Y-o-Y): -9.3% -EPS (Q3): $1.24 vs. $1.34 last year. -EPS Decline (Y-o-Y): -7.5% -Analysts Estimate: $1.21 -Revenue (Q3): $751.7 Mln vs. $810.0 Mln last year. -Revenue Change (Y-o-Y): -7.2%

-Guidance: Next quarter EPS guidance: $1.43