Skyworks Solutions Q1 Profit Tops Estimates - Quick Facts

(RTTNews) - Skyworks Solutions Inc. (SWKS), an innovator of high performance analog semiconductors connecting people, places and things, reported first-quarter net income of $195.2 million or $1.01 per share, compared to $94.5 million or $0.49 per share, prior year. Adjusted earnings per share was $1.26, for the quarter.

On average, 20 analysts polled by Thomson Reuters expected the company to report profit per share of $1.19 for the quarter. Analysts' estimates typically exclude special items.

Revenue increased to $805.5 million from $505.2 million last year. Analysts expected revenue of $773.59 million for the quarter.

For the second fiscal quarter of 2015, the company anticipates revenue to be $750 million with non-GAAP earnings per share of $1.12. Analysts expect the company to report second-quarter earnings per share of $1.04 on revenue of $708.72 million.

Skyworks' Board has declared a cash dividend of $0.13 per share of the company's common stock. The dividend is payable on March 3, 2015 to stockholders of record at the close of business on February 5, 2015.