IRVINE, Calif. (AP) — IRVINE, Calif. (AP) — Skyworks Solutions Inc. (SWKS) on Tuesday reported fiscal third-quarter net income of $105 million.
On a per-share basis, the Irvine, California-based company said it had profit of 70 cents. Earnings, adjusted for one-time gains and costs, were $1.33 per share.
The results beat Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of $1.24 per share.
The chipmaker posted revenue of $965 million in the period, also beating Street forecasts. Seven analysts surveyed by Zacks expected $939.5 million.
For the current quarter ending in September, Skyworks expects its per-share earnings to be $1.40.
The company said it expects revenue in the range of $1 billion to $1.03 billion for the fiscal fourth 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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