IRVINE, Calif. (AP) — IRVINE, Calif. (AP) — Skyworks Solutions Inc. (SWKS) on Tuesday reported fiscal first-quarter profit of $79.2 million.
On a per-share basis, the Irvine, California-based company said it had profit of 53 cents. Earnings, adjusted for stock option expense and amortization costs, came to $1.54 per share.
The results exceeded Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of $1.40 per share.
The chipmaker posted revenue of $1.04 billion in the period, which also beat Street forecasts. Eight analysts surveyed by Zacks expected $998.6 million.
For the current quarter ending in March, Skyworks expects its per-share earnings to be $1.04.
The company said it expects revenue in the range of $875 million to $925 million for the fiscal second quarter.
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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
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