Synaptics (SYNA) Tops Q4 EPS by 18c; Guides Abovce

Synaptics (NASDAQ: SYNA) reported Q4 EPS of $2.18, $0.18 better than the analyst estimate of $2.00. Revenue for the quarter came in at $327.8 million versus the consensus estimate of $324.45 million.

“Synaptics completed fiscal year 2021 with terrific results, including several financial records for the company, most significant of which were record GAAP and non-GAAP gross margins in the June quarter. In addition, we made progress throughout the year tilting our portfolio toward our IoT products which now represent more than 50% of our overall revenue,” said Michael Hurlston, Synaptics’ President and CEO.

GUIDANCE:

Synaptics sees Q1 2022 revenue of $355-385 million, versus the consensus of $349.05 million.

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

You May Also Be Interested In

• Concentrix Corporation (CNXC) Misses Q2 EPS by 1c; Guides lower than expectations
• Barclays Downgrades Synaptics (SYNA ) to Equalweight
• SanDisk (SNDK) PT Raised to $3,000 at Bernstein SocGen Group, 'We believe this is not understood by the Street'