Synaptics Earnings: Here’s Why the Stock is Up Now

Synaptics Inc. (NASDAQ:SYNA) delivered a profit and beat Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company. Shares are up 0.81%.

Synaptics Inc. Earnings Cheat Sheet

Results: Adjusted Earnings Per Share increased 157.41% to $1.39 in the quarter versus EPS of $0.54 in the year-earlier quarter.

Revenue: Rose 67.28% to $230.2 million from the year-earlier quarter.

Actual vs. Wall St. Expectations: Synaptics Inc. reported adjusted EPS income of $1.39 per share. By that measure, the company beat the mean analyst estimate of $1.28. It beat the average revenue estimate of $228.69 million.

Quoting Management: “Our execution in fiscal 2013 was stellar as we successfully expanded our footprint at leading mobile customers, with our solutions included in many of the world’s best-selling phones and tablets,” stated Rick Bergman, President and CEO. “Our record performance reflects our ability to innovate and lead in our markets based on the depth and breadth of our technology and the scale required to seamlessly deliver differentiated solutions to our growing global customer base.”

Key Stats (on next page)…

Revenue increased 40.95% from $163.32 million in the previous quarter. EPS increased 75.95% from $0.79 in the previous quarter.

Looking Forward: Analysts have a more positive outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has risen from a profit of $0.90 to a profit $1.09. For the current year, the average estimate has moved up from a profit of $2.62 to a profit of $2.99 over the last ninety days.

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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)

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