Synaptics: Fiscal Q1 Earnings Snapshot
By AP News
Published - Nov 07, 2024, 05:14 PM ET
Last Updated - Nov 07, 2024, 05:14 PM EST
SAN JOSE, Calif. (AP) — SAN JOSE, Calif. (AP) — Synaptics Inc. (SYNA) on Thursday reported a loss of $23.1 million in its fiscal first quarter.
The San Jose, California-based company said it had a loss of 58 cents per share. Earnings, adjusted for one-time gains and costs, came to 81 cents per share.
The results topped Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 75 cents per share.
The maker of touch-screen technology posted revenue of $257.7 million in the period, also exceeding Street forecasts. Three analysts surveyed by Zacks expected $255.3 million.
