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Skyworks ups fiscal outlook
Skyworks Solutions updated its financial outlook for 4Q/2012 given strong program ramps across its high performance analog and mobile Internet businesses.
The company now anticipates revenue of $420 million for the fourth quarter of fiscal 2012, on the high end of its previous guidance range of $415 to $420 million, which would represent an 8 percent sequential increase. Skyworks also expects to deliver non-GAAP diluted earnings per share of $0.52 versus guidance of $0.50 to $0.51, which would represent a 16 percent sequential increase for the fourth quarter of fiscal 2012.
