SYNA - Synaptics Analysts Increase Their Forecasts After Upbeat Earnings | Benzinga
Synaptics Incorporated (NASDAQ: SYNA) posted better-than-expected second-quarter financial results on Thursday.
Synaptics posted adjusted earnings of 5 cents per share, beating market estimates of 45 cents per share. The company’s quarterly sales came in at $237.00 million versus expectations of $235.24 million, according to data from Benzinga Pro.
Synaptics said it sees third-quarter revenue of $220 million to $250 million, versus analysts’ estimates of $245.286 million.
Dean Butler, Chief Financial Officer of Synaptics, said, "Our total channel inventories continued to decline in the December quarter and we anticipate a significant topline ...