IRVINE, Calif. (AP) _ Skyworks Solutions Inc. (SWKS) on Thursday reported fiscal third-quarter earnings of $337.8 million.

On a per-share basis, the Irvine, California-based company said it had net income of $2.02. Earnings, adjusted for one-time gains and costs, came to $2.15 per share.

The results surpassed Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of $2.13 per share.

The chipmaker posted revenue of $1.12 billion in the period, which also beat Street forecasts. Six analysts surveyed by Zacks expected $1.1 billion.

For the current quarter ending in September, Skyworks said it expects revenue in the range of $1.27 billion to $1.33 billion. Analysts surveyed by Zacks had expected revenue of $1.23 billion.

Skyworks shares have risen 29% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $196.67, an increase of 44% in the last 12 months.

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on SWKS at https://www.zacks.com/ap/SWKS

Copyright by Automated Insights, Inc. All rights reserved., source Associated Press News