RTTNews | Apr 29, 2021 11:12PM EDT

23:11 Thursday, April 29, 2021 (RTTNews.com) - Skyworks Solutions Inc. (SWKS) reported that its net income for the second-quarter climbed to $325.0 million or $1.95 per share from $181.1 million or $1.06 per share in the prior year.

Non-GAAP earnings per share was $2.37 compared to $1.34 in the previous year. Analysts polled by Thomson Reuters expected the company to report earnings of $2.35 per share for the quarter. Analysts' estimates typically exclude special items.

Revenue for the second fiscal quarter of 2021 was $1.172 billion, up 53% year over year. Analysts expected revenue of $1.15 billion for the quarter.

Looking ahead for the third fiscal quarter of 2021, the company anticipates revenue to be between $1.075 billion and $1.125 billion with non-GAAP earnings per share of $2.13 at the midpoint of revenue range, representing revenue growth of 49% and non-GAAP earnings per share growth of 70%, compared to the third fiscal quarter of 2020. Analysts expect the company to report earnings of $2.10 per share and revenues of $1.07 billion for the third-quarter.

Skyworks declared a cash dividend of $0.50 per share of the company's common stock, payable on June 8, 2021, to stockholders of record at the close of business on May 18, 2021.

Read the original article on RTTNews ( https://www.rttnews.com/3190100/skyworks-solutions-q2-profit-climbs.aspx)

For comments and feedback: contact editorial@rttnews.com

Copyright(c) 2021 RTTNews.com All Rights Reserved