Skyworks Solutions Inc. Q1 Profit Advances 27%

(RTTNews) - Skyworks Solutions Inc. (SWKS) released earnings for its first quarter that gained ground from last year.

The company said its bottom line totaled $311.2 million, or $1.60 per share. This was up from $244.8 million, or $1.26 per share, in last year's first quarter.

Analysts had expected the company to earn $1.58 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 15.1% to $926.8 million. This was up from $805.5 million last year.

Skyworks Solutions Inc. earnings at a glance:

-Earnings (Q1): $311.2 Mln. vs. $244.8 Mln. last year. -Earnings Growth (Y-o-Y): 27.1% -EPS (Q1): $1.60 vs. $1.26 last year. -EPS Growth (Y-o-Y): 27.0% -Analysts Estimate: $1.58 -Revenue (Q1): $926.8 Mln vs. $805.5 Mln last year. -Revenue Change (Y-o-Y): 15.1%

-Guidance: Next quarter EPS guidance: $1.24 Next quarter revenue guidance: $775 Mln