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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.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on SWKS at https://www.zacks.com/ap/SWKS