Synaptics Inc. Beats on Top and Bottom Lines (SYNA)
July 29, 2010 4:38 PM
Synaptics Inc. (NASDAQ: SYNA) reports Q4 earnings of $0.70 versus estimates of $0.63. Synaptics Inc. reports Q4 revenues of $145.8 million versus estimates of $141.34 million.
Revenues increased 26.5% year over year.
The company issued upside guidance for Q1; they now see revenues in the range of $148 to $156 million. This compares to the Street estimate of $145.82 million.
"Synaptics capped off fiscal 2010 with the highest revenue quarter in our history as we experienced strong growth for both notebook and mobile applications," stated Tom Tiernan, President and CEO. "As the innovation leader in human interface solutions, Synaptics continues to win in the market based on our unique solutions approach, our portfolio fulfillment model, the strength and reliability of our technology, and our proven ability to execute."
Shares of SYNA are trading higher by 2.38% in the after-hours.
