Skyworks Solutions Inc. (SWKS) has announced its fourth-quarter financial results, reporting a decline in profit compared to the previous year, although surpassing market expectations.
The company posted earnings of $60.5 million or $0.37 per share, a decrease from $244.8 million or $1.52 per share in the same quarter last year. When excluding certain items, adjusted earnings were $249.9 million or $1.55 per share for the quarter.
Analysts, based on data from Thomson Reuters, anticipated earnings of $1.52 per share, not accounting for special items. The company's revenue for the quarter dropped by 15.9% to $1.024 billion, from $1.218 billion in the previous year.
Summary of Skyworks Solutions Inc.'s financial performance (GAAP):
- Earnings for Q4: $60.5 million, compared to $244.8 million last year.
- Earnings per Share (EPS) for Q4: $0.37, compared to $1.52 last year.
- Revenue for Q4: $1.024 billion, compared to $1.218 billion last year.
**Guidance for the Next Quarter:**
- Expected EPS: $1.57
- Projected Revenue: $1.05 to $1.08 billion.
