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Synaptics Inc. (SYNA) Set A 10-Month High Following Q2 Report

Synaptics Inc. (SYNA) reported second quarter non-GAAP net income of $0.53 per share after the close Thursday, down from $0.68 per share a year ago. Revenues slipped to $143.0 million from $145.5 million last year. The consensus estimates were for EPS of $0.45 and revenues of $137.72 million. Revenues for the third quarter are expected to be between $140.0 million and $148.0 million, compared to the consensus estimate of $133.74 million.

Synaptics gapped open sharply higher Friday, but traded in a range for the bulk of the session. The stock finished up by 3.88 at $36.43 on the highest volume of the year. Synaptics broke out of a week and a half long range and set a 10-month high.

by RTTNews Staff Writer

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