Skyworks expects to earn 19 cents per share in current quarter, above expectations

Skyworks expects to earn 19 cents per share

WOBURN, Mass. — Skyworks Solutions Inc., which makes chips for cell phones, on Wednesday set an earnings target for the September quarter that would beat Wall Street expectations.

The company said it expects earnings in the September quarter, the fourth in its fiscal year, of 19 cents per share excluding $6.8 million in items. Analysts, who exclude items from their calculations, were expecting 17 cents per share.

Skyworks also said fourth-quarter revenue would be 10 percent higher than the July quarter, implying about $210 million. Analysts were forecasting $196.2 million, according to a survey by Thomson Reuters.

The company issued the forecasts as it reported profit of $19.8 million, or 12 cents per share. It said that excluding items, it would have earned $28.6 million, or 16 cents per share.

Analysts had expected profit of 14 cents per share excluding items.

Skyworks shares rose 38 cents, or 3.4 percent, to $11.68 in regular trading before the financial report. In extended trading, they fell 9 cents.