EmailSkyworks (SWKS $29.30 +2.66) reported third quarter earnings of $0.45 per share, excluding non-recurring items, $0.01 better than the Capital IQ consensus of $0.44, while revenues rose 9.2% year/year to $389 mln vs the $383.02 million consensus. The company issued in-line guidance for the fourth quarter with EPS of 0.50-0.51, excluding non-recurring items, versus the $0.51 consensus and revenues of 415-420 million versus the $418.03 million consensus.
"Our strategic diversification across OEMs and chipset partners is enabling us to produce consistently strong operating results despite the macro economy. Specifically, we are gaining share within adjacent vertical markets including automotive, medical, avionics, military, location services and broadband communications. At the same time, our innovative solutions are powering the world's most popular smartphones, tablets, home automation platforms and network infrastructure systems. In short, we have created a differentiated business model that is delivering demonstrable, best in class mobile internet growth with analog semiconductor shareholder returns."
