beats by $0.01, beats on revs; guides Q3 EPS in-line, revs below consensus
4:35PM Skyworks beats by $0.01, beats on revs; guides Q3 EPS in-line, revs below consensus (SWKS) 22.02 +0.59 : Reports Q2 (Mar) earnings of $0.48 per share, $0.01 better than the Capital IQ Consensus Estimate of $0.47; revenues rose 16.6% year/year to $425.2 mln vs the $420.38 mln consensus.
* Co generates $130.2 mln in cash flow from operations.
Guidance: Co issues mixed guidance for Q3, sees EPS of $0.53 vs. $0.53 Capital IQ Consensus Estimate; sees Q3 revs of $435 mln vs. $444.82 mln Capital IQ Consensus Estimate. Co expects gross margin expansion to the 43.5% to 44% percent range, a 130 to 180 basis point sequential improvement, and operating margin in excess of 25%.