Business

Mass. Mover

Skyworks beats estimates, raises guidance

Skyworks makes chips used in the mobile, industrial, and energy industries.
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Skyworks makes chips used in the mobile, industrial, and energy industries.
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Woburn-based Skyworks Solutions rose on first-quarter results that handily beat estimates. The company also raised its guidance. For the period, the company reported revenue of $453.7 million, up 15 percent from the year-earlier quarter and its biggest gain in the past four quarters. Earnings per share reached 55 cents. Looking ahead, Skyworks expects revenue of $420 million this quarter, up 15 percent and above analyst estimates of $415.8 million.