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Skyworks Solutions Inc. Q1 Profit Advances

Skyworks Solutions Inc. (SWKS) released earnings for its first quarter that increased compared to the same period last year.

The company said its bottom line rose to $371.5 million, or $2.00 per share. This was up from $301.6 million, or $1.61 per share, in last year's first quarter.

Analysts had expected the company to earn $1.91 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 15.4% to $1.05 billion. This was up from $0.91 billion last year.

Skyworks Solutions Inc. earnings at a glance:

-Earnings (Q1): $371.5 Mln. vs. $301.6 Mln. last year.
-Earnings Growth (Y-o-Y): 23.2%
-EPS (Q1): $2.00 vs. $1.61 last year.
-EPS Growth (Y-o-Y): 24.2%
-Analysts Estimate: $1.91
-Revenue (Q1): $1.05 Bln vs. $0.91 Bln last year.
-Revenue Change (Y-o-Y): 15.4%

by RTTNews Staff Writer

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