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SAN JOSE, Calif. (AP) — SAN JOSE, Calif. (AP) — Synaptics Inc. (SYNA) on Wednesday reported fiscal third-quarter profit of $10.4 million.
On a per-share basis, the San Jose, California-based company said it had profit of 26 cents. Earnings, adjusted for costs related to mergers and acquisitions and stock option expense, came to $1.89 per share.
The results exceeded Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $1.88 per share.
The maker of touch-screen technology posted revenue of $326.6 million in the period.
For the current quarter ending in June, Synaptics said it expects revenue in the range of $210 million to $240 million. Analysts surveyed by Zacks had expected revenue of $453.7 million.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a SYNA">Zacks stock report on SYNA at https://www.zacks.com/ap/SYNA