Skyworks Solutions Q2 Profit Up - Quick Facts

(RTTNews) - Skyworks Solutions Inc. (SWKS) Tuesday reported second-quarter profit of $76.9 million or $0.40 per share, up from $61.7 million or $0.32 per share in the same period last year.

Adjusted earnings for the quarter were $118.6 million or $0.62 per share. On average, 18 analysts polled by Thomson Reuters expected the company to earn $0.59 per share for the quarter. Analysts' estimates typically exclude special items.

Revenues increased to $481.0 million from $425.2 million last year. Analysts expected revenues of $470.25 million.

Looking ahead to the third quarter, the company has forecast adjusted earnings of $0.73 per share, with revenues of $535 million. Analysts currently expect the company to report earnings of $0.63 per share on third-quarter revenues of $488.16 million.