Skyworks Solutions Inc. Q4 adjusted earnings Beat Estimates

(RTTNews) - Skyworks Solutions Inc. (SWKS) released earnings for fourth quarter that dropped from the same period last year.

The company's earnings totaled $210.6 million, or $1.22 per share. This compares with $285.5 million, or $1.58 per share, in last year's fourth quarter.

Excluding items, Skyworks Solutions Inc. reported adjusted earnings of $261.9 million or $1.52 per share for the period.

Analysts had expected the company to earn $1.50 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter fell 17.9% to $827.4 million from $1008.4 million last year.

Skyworks Solutions Inc. earnings at a glance:

-Earnings (Q4): $261.9 Mln. vs. $349.7 Mln. last year. -EPS (Q4): $1.52 vs. $1.94 last year. -Analysts Estimate: $1.50 -Revenue (Q4): $827.4 Mln vs. $1008.4 Mln last year.