Synaptics Q4 Adj EPS $0.49 Beats $0.43 Estimate, Sales $227.30M Beat $223.23M Estimate
Portfolio Pulse from totan@benzinga.com
Synaptics (NASDAQ:SYNA) reported Q4 earnings of $0.49 per share, beating the analyst consensus estimate of $0.43 by 13.95%. However, this is a 87.34% decrease from the same period last year. The company also reported quarterly sales of $227.30 million, beating the estimate of $223.23 million by 1.82%, but this is a 52.29% decrease from last year.
August 04, 2023 | 2:27 pm
News sentiment analysis
Sort by:
Ascending
NEUTRAL IMPACT
Synaptics reported better than expected Q4 earnings and sales, but both figures are significantly lower than the same period last year.
While Synaptics beat estimates for Q4, the significant decrease in both earnings and sales compared to the same period last year could potentially offset any positive impact from beating estimates.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100