Skyworks expects to beat analyst forecasts

Chip maker Skyworks Solutions Inc. said Thursday it expects adjusted earnings of 20 cents per share for its fiscal fourth quarter, which is above Wall Street's current expectations.

The company also forecast revenue of $225 million for the quarter ending in September. Skyworks said market share gains and new program launches are helping grow its revenue.

Analysts, on average, are predicting a profit of 19 cents per share on sales of $222.1 million, according to a poll by Thomson Financial.

The company also posted fiscal third-quarter profit ahead of analyst expectations.

Shares gained 25 cents, or 2.3 percent, to $11.10 in after-hours electronic trading. The stock closed at $10.85 in the regular session. (AP)