IRVINE, Calif. (AP) — IRVINE, Calif. (AP) — Skyworks Solutions Inc. (SWKS) on Tuesday reported fiscal first-quarter profit of $231.3 million.
The Irvine, California-based company said it had profit of $1.44 per share. Earnings, adjusted for one-time gains and costs, were $1.97 per share.
The results topped Wall Street expectations. The average estimate of 10 analysts surveyed by Zacks Investment Research was for earnings of $1.95 per share.
The chipmaker posted revenue of $1.2 billion in the period, which met Street forecasts.
For the current quarter ending in March, Skyworks expects its per-share earnings to be $1.52.
The company said it expects revenue in the range of $1.02 billion to $1.07 billion 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