Needham & Company Downgrades Synaptics (SYNA) to Strong Buy

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Go back to Needham & Company Downgrades Synaptics (SYNA) to Strong Buy

Synaptics Reports Results for Second Quarter Fiscal 2016

January 28, 2016 4:17 PM EST

SAN JOSE, Calif., Jan. 28, 2016 /PRNewswire/ -- Synaptics (NASDAQ: SYNA), a leading developer of human interface solutions, today reported financial results for its second quarter ended December 31, 2015.

Net revenue for the second quarter of fiscal 2016 increased 2 percent compared to the comparable quarter last year to $470.5 million. Net income for the second quarter of fiscal 2016 was $35.0 million, or $0.93 per diluted share.

Non-GAAP net income for the first quarter of fiscal 2016 grew 9 percent over the prior year period to $60.3 million, or $1.60 per diluted share.  (See attached table for a reconciliation of... More