Synaptics Q3 Earnings and Revenues Beat Estimates
Synaptics (NASDAQ: SYNA) came out with quarterly earnings of $0.53 per share, beating the Zacks Consensus Estimate of $0.50 per share. This compares to earnings of $1.89 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of 6%. A quarter ago, it was expected that this maker of touch-screen technology would post earnings of $0.46 per share when it actually produced earnings of $0.57, delivering a surprise of 23.91%.
Over the last four quarters, the company has surpassed consensus EPS estimates four times.
Synaptics, which belongs to the Zacks Electronics – Semiconductors industry, posted revenues of $237.3 million for the quarter ended March 2024, surpassing the Zacks Consensus Estimate by 1.15%. This compares to year-ago revenues of $326.6 million. The company has topped consensus revenue estimates four times over the last four quarters.
The sustainability of the stock’s immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management’s commentary on the earnings call.
Synaptics …
Full story available on Benzinga.com