Synaptics Q2 Results Crush Estimates, Sees Q3 Sales Above Consensus; Stock Up 7%

(RTTNews) - Synaptics Inc (SYNA), a provider of custom-designed human interface solutions for electronic devices, on Thursday reported second-quarter net earnings of $20 million or $0.52 per share compared with $17.3 million or $0.48 per share last year.

Excluding items, adjusted earnings for the quarter were $1.46 per share compared with $0.86 per share a year ago.

Revenues for the quarter were $463.7 million compared with $205.8 million in the prior year.

Analysts polled by Thomson Reuters estimated earnings of $1.22 per share on revenues of $449.4 million for the quarter. Analysts' estimates typically exclude special items.

For the third quarter, the company expects revenues of $450 million to $490 million, while analysts expect $423.8 million.