Skyworks Solutions (SWKS) Tops Q1 EPS by 2c; Offers Guidance

Skyworks Solutions (NASDAQ: SWKS) reported Q1 EPS of $1.97, $0.02 better than the analyst estimate of $1.95. Revenue for the quarter came in at $1.2 billion versus the consensus estimate of $1.2 billion.

"We expect revenue to be $1.02 to $1.07 billion in the March quarter,” said Kris Sennesael, senior vice president and chief financial officer of Skyworks. “At the mid-point of the revenue range, we anticipate non-GAAP diluted earnings per share of $1.52. We expect our mobile business to be seasonally down sequentially, consistent with historical patterns, while in broad markets, we anticipate modest growth off the December quarter.”

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

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