Synaptics Q4 2024 Adj. EPS $0.64 Beats $0.55 Estimate, Sales $247.400M Beat $245.167M Estimate
Portfolio Pulse from Benzinga Newsdesk
Synaptics (NASDAQ:SYNA) reported Q4 2024 adjusted EPS of $0.64, beating the estimate of $0.55 by 16.36%. Sales were $247.4M, surpassing the $245.167M estimate. This represents a 30.61% increase in EPS and an 8.84% increase in sales compared to the same period last year.
August 08, 2024 | 8:21 pm
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Synaptics reported strong Q4 2024 earnings with an adjusted EPS of $0.64, beating estimates by 16.36%. Sales also exceeded expectations at $247.4M. This performance indicates robust growth, with EPS up 30.61% and sales up 8.84% year-over-year.
The significant beat on both EPS and sales estimates, along with strong year-over-year growth, is likely to positively impact Synaptics' stock price in the short term. Investors will view the company's performance favorably, driving demand for the stock.
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