Synaptics: Overview of Fiscal Second Quarter Results

Synaptics Reports Second Quarter Financial Results

Synaptics Inc., headquartered in San Jose, California, announced a net loss of $14.8 million for its fiscal second quarter.

The company reported a per-share loss of 38 cents. However, after adjusting for expenses such as stock options and merger-related costs, adjusted earnings reached $1.21 per share.

These adjusted earnings surpassed analyst expectations. According to a survey by Zacks Investment Research, five analysts had predicted earnings of $1.15 per share.

During the quarter, Synaptics generated $302.5 million in revenue, outperforming the consensus estimate of $299.8 million from four analysts polled by Zacks.