REFILE-Skyworks profit beats estimates

Thu Jan 31, 2013 8:39am EST

Jan 30 (Reuters) - Skyworks Solutions Inc posted better-than-expected quarterly results on higher demand for its chips used to connect cellphones to the network.

Net income for the Apple Inc supplier rose to $66.5 million, or 34 cents per share, in the first quarter, from $57.1 million, or 30 cents per share, a year earlier.

Excluding items, the company earned 55 cents per share. Revenue rose 15 percent to $454 million.

Analysts on average were expecting earnings of 54 cents per share on revenue of 450.5 million, according to Thomson Reuters I/B/E/S.


After wave of QE, onus shifts to leaders to boost economy

DAVOS, Switzerland - Central banks have done their best to rescue the world economy by printing money and politicians must now act fast to enact structural reforms and pro-investment policies to boost growth, central bankers said on Saturday.