Synaptics (SYNA) Misses Q3 EPS by 30c

Synaptics (NASDAQ: SYNA) reported Q3 EPS of $1.21, $0.30 worse than the analyst estimate of $1.51. Revenue for the quarter came in at $402.5 million versus the consensus estimate of $450.4 million.

Third Quarter 2016 Business Metrics

• Revenue mix from mobile and PC products was approximately 88 percent and 12 percent, respectively. Fingerprint authentication products have been classified according to type of device.
• Revenue from mobile products of $354.2 million was down 15 percent year-over-year. Mobile products revenue includes all touchscreen, display driver, and applicable fingerprint authentication products.
• Revenue from PC products totaled $48.3 million, a decrease of 20 percent year-over-year, and includes applicable fingerprint authentication products.

For earnings history and earnings-related data on Synaptics (SYNA) click here.

You May Also Be Interested In

• Morgan Stanley upgrades CDW on stronger AI-driven server demand
• Morgan Stanley Starts Adani Enterprises Ltd. (ADE:IN) at Overweight
• BofA lists top 5 themes driving next $1tn in incremental semi sales