Skyworks: Fiscal Q1 Earnings Snapshot

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IRVINE, Calif. (AP) — IRVINE, Calif. (AP) — Skyworks Solutions Inc. (SWKS) on Wednesday reported fiscal first-quarter net income of $162 million.

On a per-share basis, the Irvine, California-based company said it had profit of $1. Earnings, adjusted for one-time gains and costs, were $1.60 per share.

The results surpassed Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of $1.57 per share.

The chipmaker posted revenue of $1.07 billion in the period, matching Street forecasts.

For the current quarter ending in March, Skyworks expects its per-share earnings to be $1.20.

The company said it expects revenue in the range of $935 million to $965 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