IRVINE, Calif. (AP) _ Skyworks Solutions Inc. (SWKS) on Thursday reported fiscal first-quarter net income of $509.3 million.

On a per-share basis, the Irvine, California-based company said it had net income of $3.05. Earnings, adjusted for one-time gains and costs, were $3.36 per share.

The results beat Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of $2.08 per share.

The chipmaker posted revenue of $1.51 billion in the period, also topping Street forecasts. Seven analysts surveyed by Zacks expected $1.06 billion.

For the current quarter ending in April, Skyworks expects its per-share earnings to be $2.34. Analysts surveyed by Zacks had forecast adjusted earnings per share of $1.70.

The company said it expects revenue in the range of $1.13 billion to $1.18 billion for the fiscal second quarter. Analysts surveyed by Zacks had expected revenue of $917.6 million.

Skyworks shares have increased nearly 5% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $160.08, a rise of 34% 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

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