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Skyworks forecasts higher sales, profits

CEO David Aldrich sees “steep growth’’ going into the rest of the year. CEO David Aldrich sees “steep growth’’ going into the rest of the year. (Michele Mcdonald for The Boston Globe/File 2011)
July 23, 2011

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Skyworks Solutions Inc., a maker of chips for wireless equipment and industrial gear, rose the most in more than two years after its sales and profit forecasts exceeded estimates. Revenue will be $400 million this quarter, the Woburn company said. Excluding some costs, profit will be 53 cents a share. Analysts had estimated sales of $371.3 million and earnings of 51 cents, according to Bloomberg. Sales surged 29 percent last quarter from a year earlier as consumers purchased more smartphones, tablet computers, gaming consoles, and home automation systems.