Skyworks Beats Estimates on Q1 Revenue
Skyworks has posted its Q1 2013 results. The company revenue amounted to $454 million, a 15% increase over the same period last year. That figure was several million dollars higher than the $451 million expected by analysts. Non-GAAP net income was $107 million, or $0.55 per diluted share. This generally matched market expectations, and was 11% higher than Q1 2012's number.
In its earnings release, Skyworks also provided guidance for its current quarter. The company quoted its CFO Donald Palette as saying:
We anticipate revenue to be up 15 percent year-over-year with better than normal seasonality to approximately $420 million with non-GAAP diluted earnings per share of $0.47.
The article Skyworks Beats Estimates on Q1 Revenue originally appeared on Fool.com.Fool contributor Eric Volkman has no position in Skyworks Solutions. The Motley Fool has no position in Skyworks Solutions. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
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