AP NEWS

Synaptics: Fiscal 1Q Earnings Snapshot

November 7, 2019 GMT

SAN JOSE, Calif. (AP) _ Synaptics Inc. (SYNA) on Thursday reported fiscal first-quarter net income of $4 million.

The San Jose, California-based company said it had profit of 12 cents per share. Earnings, adjusted for one-time gains and costs, came to $1.22 per share.

The results surpassed Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 73 cents per share.

The maker of touch-screen technology posted revenue of $339.9 million in the period, also topping Street forecasts. Three analysts surveyed by Zacks expected $312.9 million.

For the current quarter ending in January, Synaptics said it expects revenue in the range of $345 million to $365 million. Analysts surveyed by Zacks had expected revenue of $343.3 million.

Synaptics shares have climbed 34% since the beginning of the year. The stock has risen 34% in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on SYNA at https://www.zacks.com/ap/SYNA