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FX.co ★ Synaptics Inc Q1 Earnings Summary

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typeContent_19130:::2024-11-07T22:12:00

Synaptics Inc Q1 Earnings Summary

Below are the key financial results for Synaptics Inc (SYNA) for the first quarter:

- **Net Income**: The company recorded a loss of $23.1 million, compared to a loss of $55.6 million in the same quarter of the previous year.

- **Earnings Per Share (EPS)**: Synaptics Inc reported a loss of $0.58 per share in the first quarter, an improvement from a loss of $1.43 per share in the same period last year. When excluding certain items, the adjusted earnings were $32.5 million, or $0.81 per share.

The analysts' forecast for earnings per share was $0.74.

- **Revenue**: The company's revenue increased to $257.7 million, up from $237.7 million in the same timeframe last year.

**Guidance for Next Quarter**:

- **EPS Forecast**: Between $0.65 and $1.05

- **Revenue Forecast**: Between $250 million and $280 million

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