Synaptics (SYNA) Tops Q4 EPS by 9c, Revenues Miss

Synaptics (NASDAQ: SYNA) reported Q4 EPS of $1.00, $0.09 better than the analyst estimate of $0.91. Revenue for the quarter came in at $388.5 million versus the consensus estimate of $391.75 million.

• Fiscal 2018 revenue of $1.63 billion, GAAP net income (loss) per diluted share of $(3.63) and non-GAAP net income per diluted share of $4.05
• Fourth quarter revenue of $388.5 million, GAAP net income (loss) per diluted share of $(0.04) and non-GAAP net income per diluted share of $1.00

“The transformation of Synaptics to a more diversified company with greater earnings power is well underway. Leading with our differentiated technology, our corporate-wide focus on driving profitability within our product portfolio is beginning to pay off, as we posted our fourth consecutive quarter of gross margin improvement,” stated Rick Bergman, President and CEO. “As we move into fiscal 2019, we remain intent on targeting the right verticals within the very large markets in which we participate, positioning us to drive further improvements in gross margins and operating profits.”

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

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