Skyworks Solutions (SWKS) Tops Q4 EPS by 4c

November 3, 2016 4:36 PM EDT

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Skyworks Solutions (NASDAQ: SWKS) reported Q4 EPS of $1.47, $0.04 better than the analyst estimate of $1.43. Revenue for the quarter came in at $835.4 million versus the consensus estimate of $831.3 million.

GUIDANCE:

Skyworks Solutions sees Q1 2017 EPS of $1.58, versus the consensus of $1.56. Anticipates revenue to be up 7 to 9 percent sequentially.

"As our results and outlook reflect, Skyworks is capitalizing on the strength of both Mobile and Internet of Things ecosystems,” said Liam K. Griffin, president and chief executive officer of Skyworks. “Specifically, we are in the midst of a dramatic sea change in the usage case for wireless technologies and the way they are transforming how we live, work and play. As a virtual hub for e-commerce, enterprise to the cloud, social media, gaming and entertainment, mobile devices are rapidly evolving to address the massive demand for data and speed across an increasingly crowded spectrum. Skyworks is resolving this daunting complexity with customized system-level solutions to ultimately improve the user experience with higher levels of efficiency, enhanced streaming capabilities and expanded network coverage. As a result, we are well positioned to continue delivering above-market growth, profitability and shareholder value.”

For earnings history and earnings-related data on Skyworks Solutions (SWKS) click here.



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