Needham & Company Downgrades Synaptics (SYNA) to Hold

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Go back to Needham & Company Downgrades Synaptics (SYNA) to Hold

Synaptics Reports Results for First Quarter Fiscal 2017

October 27, 2016 4:15 PM EDT

SAN JOSE, Calif., Oct. 27, 2016 (GLOBE NEWSWIRE) -- Synaptics Incorporated (NASDAQ: SYNA), the leading developer of human interface solutions, today reported financial results for its first fiscal quarter ended September 30, 2016.

Net revenue for the first quarter of fiscal 2017 increased 19 percent sequentially and declined 18 percent over the comparable quarter last year to $386.2 million. GAAP net income for the first quarter of fiscal 2017 was up $10.8 million sequentially from a loss of $7.1 million and decreased 85... More