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Skyworks: Fiscal 4Q Earnings Snapshot
11/02/2020 | 09:22pm GMT
IRVINE, Calif. (AP) _ Skyworks Solutions Inc. (SWKS) on Monday reported fiscal fourth-quarter earnings of $246.9 million.
On a per-share basis, the Irvine, California-based company said it had net income of $1.46. Earnings, adjusted for one-time gains and costs, came to $1.85 per share.
The results beat Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of $1.52 per share.
The chipmaker posted revenue of $956.8 million in the period, also surpassing Street forecasts. Seven analysts surveyed by Zacks expected $842.5 million.
For the year, the company reported profit of $814.8 million, or $4.80 per share. Revenue was reported as $3.36 billion.
Skyworks shares have increased 18% since the beginning of the year. In the final minutes of trading on Monday, shares hit $142.06, a rise of 56% in the last 12 months.
This story was generated by Automated Insights (automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on SWKS at www.zacks.com/ap/SWKS
Copyright by Automated Insights, Inc. All rights reserved., source Associated Press News
www.marketscreener.com/quote/stock/...-FY20-Results-31674886/
Delivers Q4 Revenue of $957 Million, up 30% Sequentially and 16% Y-o-Y
Posts Q4 GAAP Diluted EPS of $1.46; Non-GAAP Diluted EPS of $1.85
Generates FY20 Revenue of $3.356 Billion with GAAP Diluted EPS of $4.80; Non-GAAP Diluted EPS of $6.13
Returned $955 Million to Shareholders in FY20 via Dividends and Repurchase of 6.3 Million Shares
Guides to Double-Digit Sequential Revenue and Earnings Growth in Q1 FY21
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