Synaptics: Fiscal 4Q Earnings Snapshot
SAN JOSE, Calif. (AP) _ Synaptics Inc. (SYNA) on Thursday reported a fiscal fourth-quarter loss of $1.5 million, after reporting a profit in the same period a year earlier.
On a per-share basis, the San Jose, California-based company said it had a loss of 4 cents. Earnings, adjusted for one-time gains and costs, came to $1 per share.
The results exceeded Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of 92 cents per share.
The maker of touch-screen technology posted revenue of $388.5 million in the period, which did not meet Street forecasts. Four analysts surveyed by Zacks expected $395.3 million.
For the year, the company reported a loss of $124.1 million, or $3.63 per share, swinging to a loss in the period. Revenue was reported as $1.63 billion.
Synaptics shares have climbed 21 percent since the beginning of the year. In the final minutes of trading on Thursday, shares hit $48.17, a climb of 13 percent in the last 12 months.