Skyworks Beats by a Cent

The chipmaker's shares were adding 2.2% after-hours.
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Updated from 5:21 p.m. EDT

SAN FRANCISCO --

Skyworks Solutions

(SWKS) - Get Report

swung to a profit in its fiscal fourth quarter, beating Wall Street expectations by a penny.

The Woburn, Mass., chipmaker said revenue in the three months ended Sept. 28 totaled $190.5 million, vs. the $193.1 million at this time a year ago. Of course, last year's results include contributions from its baseband chip business, which Skyworks subsequently shuttered.

Analysts polled by Thomson Financial were looking for $189.5 million in revenue.

Skyworks posted a net income of $21.9 million, or 14 cents a share, outpacing the average analyst expectation of 13 cents.

At this time last year, Skyworks had a net loss of $96.3 million, or 60 cents a share, due to hefty charges associated with the termination of its baseband chip business.

CEO David Aldrich said the company achieved record EPS and quarterly cash-flow generation in the quarter, as it makes progress in its plan to refocus the company on linear products and front-end modules for cell-phone handsets.

Skyworks said its adjusted gross margin in the quarter was 39.4%, up 65 basis points, sequentially.

"Given strong order visibility and the ramp of our newest analog and front-end module designs, we once again anticipate revenue growth approaching 10% on a sequential basis," said CFO Donald Palette in a statement.

The guidance suggests $209.5 million in revenue. And Maxim forecast and adjusted EPS between 15 cents and 17 cents.

Shares of Skyworks were adding 20 cents, or 2.2%, to $9.25 in recent extended trading.