Skyworks Solutions, Inc. (SWKS) Tops Q3 EPS by 20c, Q4 Guidance Strong

Skyworks Solutions, Inc. (NASDAQ: SWKS) reported Q3 EPS of $1.00, $0.20 better than the analyst estimate of $0.80. Revenue for the quarter came in at $604.8 million versus the consensus estimate of $570.37 million.

Fourth Fiscal Quarter 2014 Outlook

“Skyworks is executing to our strategy to grow substantially faster than the broader analog semiconductor industry while delivering best in class financial returns. Given our broad customer demand and expanding product pipeline, we are forecasting sustainable, above-market growth for the foreseeable future,” said Donald W. Palette, executive vice president and chief financial officer of Skyworks. “For the fourth fiscal quarter of 2014, we anticipate revenue to be up 43 percent year-over-year to $680 million with non-GAAP diluted earnings per share up 56 percent year-over-year to $1.00.”

(Street sees Q4 EPS of 0.87 on revenue of $608.11)

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

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