PCT - Big Stocks Moving Higher On Friday: Synaptics Reports Q1 Beat; Joins Lyft Hologic Blink Charging | Benzinga
U.S. stocks traded higher, with the Dow Jones gaining around 80 points on Friday.
Shares of Synaptics Incorporated (NASDAQ: SYNA) rose sharply on Friday after the company reported better-than-expected quarterly financial results.
Synaptics posted adjusted earnings of 52 cents per share, beating market estimates of 40 cents per share. The company’s sales came in at $237.7 million versus expectations of $232.7 million.
Synaptics said it saw second-quarter revenue of $220 million to $250 million versus estimates of $239.82 million.
Several analysts, including, KeyBanc Capital Markets, Needham and Susquehanna raised their price targets on the stock following quarterly earnings.
Synaptics shares rose 13.55% to $100.49 at last check.
Here are some other big stocks recording gains in Friday's session.
Blink Charging Co. (NASDAQ: BLNK) shares jumped 31.30% to $3.22 after the company reported strong third-quarter revenue and raised 2023 revenue target.
Ouster, Inc. ...