Business

Mass. Mover

Skyworks beats estimates, raises guidance

Skyworks makes chips used in the mobile, industrial, and energy industries.

istockphoto.com

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.

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