Skyworks Beats Estimates on Q1 Revenue

Skyworks (NASDAQ: SWKS  ) 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.


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