RTTNews | Jul 23, 2020 04:43PM EDT

16:42 Thursday, July 23, 2020 (RTTNews.com) - Skyworks Solutions Inc. (SWKS) revealed a profit for third quarter that decreased from the same period last year.

The company's profit totaled $129.7 million, or $0.77 per share. This compares with $144.1 million, or $0.83 per share, in last year's third quarter.

Excluding items, Skyworks Solutions Inc. reported adjusted earnings of $210.8 million or $1.25 per share for the period.

Analysts had expected the company to earn $1.12 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter fell 3.9% to $736.8 million from $767.0 million last year.

Skyworks Solutions Inc. earnings at a glance:

-Earnings (Q3): $210.8 Mln. vs. $233.6 Mln. last year.-EPS (Q3): $1.25 vs. $1.35 last year.-Analysts Estimate: $1.12-Revenue (Q3): $736.8 Mln vs. $767.0 Mln last year.

-Guidance:Next quarter EPS guidance: $1.51Next quarter revenue guidance: $830 - $850 Mln

Read the original article on RTTNews ( https://www.rttnews.com/3113873/skyworks-solutions-inc-q3-adjusted-earnings-beat-estimates.aspx)

For comments and feedback: contact editorial@rttnews.com

Copyright(c) 2020 RTTNews.com All Rights Reserved