WASHINGTON (dpa-AFX) - Skyworks Solutions Inc. (SWKS) reported that its second-quarter net income was $34.03 million, or $0.18 per share, compared to $49.96 million or $0.26 per share last year.
Adjusted earnings for the quarter was $79.76 million or $0.42 per share, up from $78.74 million or $0.41 per share in the comparable quarter last year. On average, nineteen analysts polled by Thomson Reuters expected the company to earn $0.40 per share. Analysts' estimates typically exclude special items.
Net revenue increased 12 percent to $364.69 million from $325.41 million year ago, while 19 analysts expected revenue of $361.14 million for the quarter.
The company expects third quarter non-GAAP earnings of $0.44 per share on revenue of $383 million. Analysts currently expect the company to report third-quarter earnings per share of $0.44 on revenue of $382.64 million.
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