Shares in Irvine-based chipmaker Skyworks Solutions surged as much as 10% in after-hours trading following an earnings report that topped analysts’ estimates.
Revenue for the third fiscal quarter was $965 million, well above the consensus estimate of $940.9 million. Adjusted earnings per share were $1.33, also above the estimate of $1.24.
For the current quarter, Skyworks today predicted revenue of $1 billion to $1.03 billion.
Skyworks (Nasdaq: SWKS) shares were trading at $74.40 apiece at 4:34 p.m. in New York. They had closed down less than 1% at $67.63 with a market cap of $10.2 billion.
