Synaptics (SYNA) Tops Q1 EPS by 2c

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Synaptics Reports Results for First Quarter Fiscal 2016

October 22, 2015 4:16 PM EDT

SAN JOSE, Calif., Oct. 22, 2015 /PRNewswire/ -- Synaptics (NASDAQ: SYNA), a leading developer of human interface solutions, today reported financial results for its first quarter ended September 30, 2015.

Net revenue for the first quarter of fiscal 2016 grew 66 percent over the comparable quarter last year to $470.0 million. Net income for the first quarter of fiscal 2016 was $23.8 million, or $0.62 per diluted share.

Non-GAAP net income for the first quarter of fiscal 2016 grew 39 percent over the prior year period to $56.9 million, or $1.49 per diluted share.  (See attached table for a reconciliation of GAAP to... More