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.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100