WASHINGTON (dpa-AFX) - Skyworks Solutions Inc. (SWKS) reported net income of $51.5 million or $0.27 per share for the third quarter, compared to $34.7 million or $0.19 per share in the year-ago quarter.
Non-GAAP net income was $93.0 million or $0.49 per share, up from $58.7 million or $0.32 per share in the previous year quarter.
Net revenue for the third quarter increased to $356.1 million from $275.4 million in the prior year quarter.
Analysts polled by Thomson Reuters expected the company to report earnings of $0.46 per share on revenue of $345.24 million for the quarter. Analysts' estimates typically exclude special items.
For the fourth quarter, the company expects non-GAAP earnings of $0.53 per share and revenue of $400 million. Street expects earnings of $0.50 per share on revenue of $369.18 million for the quarter.
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