RTTNews | Nov 4, 2021 05:23PM EDT

17:23 Thursday, November 4, 2021 (RTTNews.com) - Skyworks Solutions Inc. (SWKS) revealed a profit for its fourth quarter that increased from the same period last year.

The company's profit totaled $326.3 million, or $1.95 per share. This compares with $246.9 million, or $1.46 per share, in last year's fourth quarter.

Excluding items, Skyworks Solutions Inc. reported adjusted earnings of $438.8 million or $2.62 per share for the period.

Analysts had expected the company to earn $2.53 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 36.5% to $1.31 billion from $0.96 billion last year.

Skyworks Solutions Inc. earnings at a glance:

-Earnings (Q4): $438.8 Mln. vs. $312.2 Mln. last year.-EPS (Q4): $2.62 vs. $1.85 last year.-Analysts Estimate: $2.53-Revenue (Q4): $1.31 Bln vs. $0.96 Bln last year.

-Guidance:Next quarter EPS guidance: $3.10Next quarter revenue guidance: $1.475 - $1.525

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