Synaptics (SYNA) Misses Q1 EPS by 4c

Synaptics (NASDAQ: SYNA) reported Q1 EPS of $0.96, $0.04 worse than the analyst estimate of $1.00. Revenue for the quarter came in at $386.2 million versus the consensus estimate of $372.65 million.

“We are pleased to report solid fiscal first quarter results, reflecting strong performance across several of our product platforms including our touch and display driver integration (TDDI) solutions, which reached 10 percent of total revenue during the period,” stated Rick Bergman, President and CEO. “The continued expansion of our TDDI and fingerprint sensor growth levers remain key drivers of our business in fiscal 2017 and, in addition to our investments in new areas such as OLED technology and automotive, are setting the stage for a return to growth.”

For earnings history and earnings-related data on Synaptics (SYNA) click here.

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