IRVINE, Calif. (AP) — IRVINE, Calif. (AP) — Skyworks Solutions Inc. (SWKS) on Tuesday reported fiscal third-quarter net income of $33.9 million.
The Irvine, California-based company said it had profit of 22 cents per share. Earnings, adjusted for one-time gains and costs, were $1.08 per share.
The results exceeded Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of $1.03 per share.
The chipmaker posted revenue of $934.8 million in the period, also surpassing Street forecasts. Eight analysts surveyed by Zacks expected $922.1 million.
For the current quarter ending in September, Skyworks expects its per-share earnings to be $1.27.
The company said it expects revenue in the range of $1.01 billion to $1.06 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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