Friday, January 21, 2011

Skyworks continues to roll....

Skyworks Solutions Inc. (SWKS). The cellphone chipmaker on Thursday reported better-than-expected first-quarter results and forecast second-quarter above market estimates on firm demand for smartphones, tablets and a shift to 4G. The company reported net income of $60.9 million, or 32 cents a share, from $28 million, or 16 cents a share, a year ago. The company forecast second-quarter earnings of 38 cents to 40 cents a share, excluding items, on revenue of $310 million to $320 million.

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