Chipmaker Skyworks Solutions Inc. (Nasdaq: SWKS) said fourth-quarter revenue was $1.1 billion, topping analysts’ estimates, while adjusted diluted earnings per share were $1.76, also above expectations.
“This was our third straight quarter of strong execution, with revenue and non-GAAP EPS both exceeding expectations,” Phil Brace, chief executive officer and president of Skyworks, said in the earnings release statement.
CFO Phil Carter added: “For the December quarter, we anticipate revenue of $975 million to $1.025 million, with non-GAAP diluted earnings per share of $1.40 at the mid-point of the revenue range.”
The company’s shares rose 1.1% in after-hours trading to $72.81 apiece, after closing down almost 6% with a midday market cap of $10.7 billion.
Skyworks plans to buy Qorvo (Nasdaq: QRVO). See this week’s Business Journal for more information.
