Skyworks Solutions (SWKS) earlier reported revenues of $228.1 million in the fourth quarter of fiscal 2009, up 19% sequentially and surpassed management’s guidance range of $220 million - $225 million. Operating margin came in at 14.4% compared to 12.0% in the previous quarter. Earnings per share came in at 24 cents, easily beating the Zacks Consensus Estimate of 18 cents. During the quarter, the company retired $17.4 million in 2010 convertible bonds, which led to a dilution of the equity base by two million. Going forward, although the management remains cautious about the broader economy, it expects revenues to grow by 15% - 20% year over year driven by mobile Internet, energy management and diversified analog applications. Management indicated improved order visibility and strength in backlog at the end of the quarter. This implies a revenue guidance of $238 million - $242 ...

Skyworks Solutions Inc. (SWKS) yesterday raised its guidance for the fourth quarter of fiscal 2009, driven by broad-based improvements in order demand. Massachusetts-based Skyworks designs, manufactures and markets a broad range of high-performance analog and mixed signal semiconductors that enable wireless connectivity. The company now expects revenues to come between $220 million and $225 million, up from the previous estimate of $210.3 million. Management has stated that multiple new program ramp-ups coupled with strong operational execution are contributing to the better-than-expected top-line and bottom-line growth. EPS (excluding one time charges/gains) is forecasted around 21 – 22 cents, up from the earlier projection of 19 cents. The gradual and better-than-expected recovery in the semiconductor space has propelled most players to raise their quarterly projections driven by improving demand. Earlier in the day, top player Texas Instruments (TXN) upgraded its forecast for the third ...

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Monday August 24, 2009

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The holiday season is a time to celebrate with family and friends, not to worry about how to pay for holiday gifts. With that in mind, Sears (NASDAQ: SHLD) and Kmart are helping customers plan ahead and save — so they can more fully enjoy the holidays — by bringing them the Sears and Kmart Christmas Club card.

The board of directors of Westlake Chemical Corporation (NYSE: WLK) declared on Friday a dividend of 5.75 cents per share, payable on September 17, 2009, to stockholders of record on September 2, 2009. This represents an increase of 1/2 cent per share,

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