Synaptics: Q2 Earnings Insights
Portfolio Pulse from Benzinga Insights
Synaptics (NASDAQ:SYNA) reported Q2 earnings with a 29.55% beat on EPS estimates, posting $0.57 versus the expected $0.44. However, revenue decreased by $116.10 million from the same period last year. The company has a history of beating EPS estimates, which in the past has led to a significant increase in share price the following day.
February 08, 2024 | 9:15 pm
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Synaptics reported a significant beat on EPS estimates for Q2 but saw a decrease in revenue compared to last year. Historically, beating EPS estimates has led to a share price increase the following day.
The positive earnings surprise of 29.55% for Synaptics is likely to be viewed favorably by investors, given the company's history of share price increases following earnings beats. However, the decrease in revenue year-over-year introduces a note of caution, potentially moderating the positive impact on the stock price.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100