Reuters: Global Markets: Skyworks Solutions revenue rises 12 percent; shares up

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Skyworks Solutions revenue rises 12 percent; shares up Jul 18th 2013, 20:56 Thu Jul 18, 2013 4:56pm EDT (Reuters) - Skyworks Solutions Inc (SWKS.O) reported a 12 percent rise in quarterly revenue as demand for its radio frequency chips used in mobile devices such as smartphones and tablets increased. Shares were up 6 percent in post-market trade, after closing at $22.45 on the Nasdaq on Thursday. Net profit rose to $65.7 million, or 34 cents per share, in the third quarter, from $49.3 million, or 26 cents per share, a year earlier. Revenue rose 12 percent to $436.1 million. Excluding items, the company earned 54 cents per share. Skyworks makes radio frequency chips that allow cellphones to make and receive calls. (Reporting By Lehar Maan and Neha Alawadhi in Bangalore; Editing by Sriraj Kalluvila)

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