Skyworks Solutions Inc. (SWKS) reported that its second-quarter net income was $61.7 million or $0.32 per share, compared to $34.0 million or $0.18 per share in the comparable quarter last year.
Non-GAAP net income for the quarter was $91.9 million or $0.48 per share, up from $79.8 million or $0.42 per share in the year-ago period. Analysts polled by Thomson Reuters expected the company to report earnings of $0.47 per share for the quarter. Analysts' estimates typically exclude special items.
Net revenues for the quarter rose to $425.2 million from $364.7 million in the prior year quarter, while eighteen analysts had consensus revenue estimate of $420.37 million for the quarter.
For the third quarter of 2013, the company anticipates non-GAAP earnings per share of $0.53 and revenue of approximately $435 million.
Analysts expect the company to report earnings of $0.52 per share on revenues of $443.21 million for the third quarter.
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