Skyworks Solutions Inc. Q2 Income Advances 8%

(RTTNews) - Skyworks Solutions Inc. (SWKS) released a profit for its second quarter that increased from last year.

The company said its bottom line came in at $242.3 million, or $1.25 per share. This was higher than $224.6 million, or $1.15 per share, in last year's second quarter.

Analysts had expected the company to earn $1.24 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 1.7% to $775.1 million. This was up from $762.1 million last year.

Skyworks Solutions Inc. earnings at a glance:

-Earnings (Q2): $242.3 Mln. vs. $224.6 Mln. last year. -Earnings Growth (Y-o-Y): 7.9% -EPS (Q2): $1.25 vs. $1.15 last year. -EPS Growth (Y-o-Y): 8.7% -Analysts Estimate: $1.24 -Revenue (Q2): $775.1 Mln vs. $762.1 Mln last year. -Revenue Change (Y-o-Y): 1.7%

-Guidance: Next quarter EPS guidance: $1.21 Next quarter revenue guidance: $750 Mln