Synaptics Fiscal Q2 Non-GAAP EPS, Revenue Increase -- Shares Rise After Hours

MT Newswires Live
07 Feb

Synaptics (SYNA) reported fiscal Q2 non-GAAP net income late Thursday of $0.92 per diluted share, up from $0.57 a year earlier.

Analysts polled by FactSet, on average, expected $0.86.

Net revenue for the quarter ended Dec. 28 rose to $267.2 million from $237 million a year earlier.

Analysts expected $265.7 million.

For fiscal Q3, the company is projecting non-GAAP EPS of $0.65 to $1.05 on $250 million to $280 million in revenue.

Analysts are looking for $0.72 and $253.3 million, respectively.

Shares of Synaptics were up more than 4% in Thursday's after-hours session.

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