Synaptics, Inc. (SYNA) Tops Q3 EPS by 6c, Sales Beat

Synaptics, Inc. (NASDAQ: SYNA) reported Q3 EPS of $0.63, $0.06 better than the analyst estimate of $0.57. Revenue for the quarter came in at $204.3 million versus the consensus estimate of $192.03 million.

"Our strong performance in the third quarter reflects Synaptics' continued leadership across our entire product portfolio, from touchpads to touchscreens to our new fingerprint ID products, and we were pleased to see the fingerprint ID business become accretive to our non-GAAP earnings a quarter ahead of schedule," stated Rick Bergman, President and CEO. "We expect to close the fiscal year with another exceptional quarter. While at the start of the year we had forecast annual revenue growth to be similar to the 21% achieved last year, with the strength of the fingerprint ID business augmenting the growth of our core touch solutions, we now expect to achieve top-line growth of 37% to 40% for fiscal 2014."

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

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