Skyworks Solutions Q3 Profit Up - Quick Facts

(RTTNews) - Skyworks Solutions Inc. (SWKS) Thursday reported third-quarter profit of $111.4 million or $0.58 per share, up from $65.7 million or $0.34 per share in the same period last year.

Operating income for the quarter was $148.5 million or $0.58 per share. On average, 18 analysts polled by Thomson Reuters expected the company to earn $0.80 per share for the quarter. Analysts' estimates typically exclude special items.

Revenues increased to $587.0 million from $436.1 million last year. Analysts expected revenues of $570.30 million.

Looking ahead to the fourth quarter, the company currently projects earnings of approximately $1.00 per share, with revenues of about 680 million. Analysts currently expect the company to report fourth-quarter earnings of $0.87 per share on revenues of $608.11 million.