Synaptics (SYNA) Tops Q2 EPS by 4c, Guides Above for Q3 Revs; Approves 3-for-2 Stock Split
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Synaptics Incorporated (Nasdaq: SYNA) reports Q2 EPS of $0.46, 4 cents better than the analyst estimate of $0.42. Revenues for the quarter were $96.9 million, versus the consensus of $92.78 million.
Sees Q3 revenue between $108-$114 million vs. $103.40 million consensus.
The Company also announced that its Board of Directors has approved a three-for-two split of Synaptics' common stock to be effected as a stock dividend. Each shareholder of record at the close of market on August 15, 2008 will receive one additional share for every two outstanding shares held on the record date, the payable date will be August 29, 2008, and trading will begin on a split-adjusted basis on September 2, 2008.
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