Skyworks: Fiscal 4Q Earnings Snapshot
WOBURN, Mass. (AP) _ Skyworks Solutions Inc. (SWKS) on Tuesday reported fiscal fourth-quarter earnings of $210.6 million.
The Woburn, Massachusetts-based company said it had net income of $1.22 per share. Earnings, adjusted for stock option expense and non-recurring costs, were $1.52 per share.
The results beat Wall Street expectations. The average estimate of 11 analysts surveyed by Zacks Investment Research was for earnings of $1.50 per share.
The chipmaker posted revenue of $827.4 million in the period, also surpassing Street forecasts. Seven analysts surveyed by Zacks expected $825.4 million.
For the year, the company reported profit of $853.6 million, or $4.89 per share. Revenue was reported as $3.38 billion.
For the current quarter ending in January, Skyworks expects its per-share earnings to be $1.65. Analysts surveyed by Zacks had forecast adjusted earnings per share of $1.57.
The company said it expects revenue in the range of $870 million to $890 million for the fiscal first quarter. Analysts surveyed by Zacks had expected revenue of $863.2 million.
Skyworks shares have risen 52% since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $101.59, a rise of 39% in the last 12 months.