Synaptics Reports Results for Second Quarter Fiscal 2019
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February 8, 2019 9:03 AM EST
Mizuho Securities analyst Vijay Rakesh lowered the price target on Synaptics (NASDAQ: SYNA) to $48.00 (from $50.00) while maintaining a Buy rating.
The analyst commented, "SYNA reported a good DecQ above consensus with rev/EPS of $426M/$1.55, but guided weaker MarQ to ~$360M, down... More
February 7, 2019 4:20 PM EST
(Updated - February 7, 2019 4:23 PM EST)
Synaptics (NASDAQ: SYNA) reported Q2 EPS of $1.55, $0.21 better than the analyst estimate of $1.34. Revenue for the quarter came in at $425.5 million versus the consensus estimate of $422.02 million.
Revenue of $425.5 millionGAAP net income per diluted share of $0.36Non-GAAP net income per diluted share of $1.55, up 40% year-over-yearContinued stock repurchase activity with buyback of 988,000 sharesCompany announces CFO transition
Synaptics posted very strong second quarter results and a positive first half of fiscal 2019, marking the sixth consecutive quarter of non-GAAP gross margin... More
