Synaptics (SYNA) Misses Q3 EPS by 30c

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Synaptics Reports Results for Third Quarter Fiscal 2016

April 28, 2016 4:16 PM EDT

SAN JOSE, Calif., April 28, 2016 (GLOBE NEWSWIRE) -- Synaptics (NASDAQ: SYNA), a leading developer of human interface solutions, today reported financial results for its third quarter ended March 31, 2016.

Net revenue for the third quarter of fiscal 2016 decreased 16 percent compared to the comparable quarter last year to $402.5 million. Net income for the third quarter of fiscal 2016 was $20.5 million, or $0.54 per diluted share.

Non-GAAP net income for the third quarter of fiscal 2016 decreased 28 percent compared with the prior year period to $46.0 million, or $1.21 per diluted share.  (See attached table for a reconciliation of GAAP to non-GAAP... More