Synaptics Q3 2024 GAAP EPS $(0.46) Beats $(1.02) Estimate, Sales $237.300M Beat $235.170M Estimate
Portfolio Pulse from Benzinga Newsdesk
Synaptics reported Q3 2024 GAAP EPS of $(0.46), surpassing the $(1.02) estimate, with sales of $237.300M exceeding the $235.170M forecast. This represents a 27.34% decrease in sales compared to the same period last year.
May 09, 2024 | 8:10 pm
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POSITIVE IMPACT
Synaptics surpassed Q3 2024 earnings and sales estimates, with a significant decrease in sales year-over-year.
Beating both EPS and sales estimates typically has a positive impact on stock price in the short term. However, the significant year-over-year sales decrease might temper investor enthusiasm, suggesting a cautious optimism.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100