SYNA

Synaptics Swings To Profit In Q4

(RTTNews) - Synaptics Inc. (SYNA), Thursday reported fourth-quarter earnings of $208.3 million or $5.22 a share, compared to a loss of $23.4 million or $0.59 a share last year, primarily due to an increase in the provision for income tax charges.

On an adjusted basis, earnings were $25.6 million or $0.64 a share, compared to $19.5 million or $0.49 a share in prior year quarter.

On average, analysts polled by Thomson Reuters had estimated earnings of $0.55 a share.

Revenue totaled $247.4 million versus $227.3 million in previous year.

Looking ahead, the company expects revenue of $240-$270 million for the first quarter of 2025.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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