Skyworks: Fiscal Q4 Earnings Snapshot

IRVINE, Calif. (AP) — IRVINE, Calif. (AP) — Skyworks Solutions Inc. (SWKS) on Tuesday reported fiscal fourth-quarter profit of $23.4 million.

On a per-share basis, the Irvine, California-based company said it had net income of 15 cents. Earnings, adjusted for one-time gains and costs, were $1.28 per share.

The results beat Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of $1.27 per share.

The chipmaker posted revenue of $1.05 billion in the period, which also topped Street forecasts. Seven analysts surveyed by Zacks expected $1.03 billion.

For the year, the company reported profit of $172.1 million, or $1.14 per share. Revenue was reported as $3.96 billion.

For the current quarter ending in December, Skyworks expects its per-share earnings to be $1.25.

The company said it expects revenue in the range of $1.8 billion to $1.9 billion for the fiscal first 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