Synaptics Sees Q3 2024 Revenue $220M-$250M Vs $245.286M Est.
Portfolio Pulse from Benzinga Newsdesk
Synaptics has projected its Q3 2024 revenue to be in the range of $220M-$250M, which is below the estimated $245.286M by analysts. This forecast suggests a potential revenue shortfall compared to market expectations.
February 08, 2024 | 9:44 pm
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Synaptics' projected Q3 2024 revenue of $220M-$250M is below the analyst estimate of $245.286M, indicating a potential revenue shortfall.
The projected revenue range provided by Synaptics for Q3 2024 is below the expectations set by analysts. This discrepancy between the company's forecast and market expectations can lead to negative investor sentiment, potentially causing a short-term decline in the stock price. The direct mention of the revenue forecast and its comparison to analyst estimates makes this news highly relevant and important for investors in Synaptics.
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IMPORTANCE 90
RELEVANCE 100