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Synaptics Incorporated stock price
Synaptics Incorporated latest news:
BRIEF-Synaptics says implemented and notified impacted employees of a reduction in force program
Synaptics Inc(SYNA). * Synaptics Inc(SYNA) says implemented and notified impacted employees of a reduction in force program . * Synaptics Inc (SYNA) - reduction in force program will eliminate about 156 employee positions and reduce global headcount by about seven percent.
Apple supplier Synaptics soars on better-than-expected earnings
Shares of Synaptics Inc. rallied in Tuesday's extended session after the Apple supplier posted quarterly earnings above Wall Street's estimates. Synaptics reported it swung to a fiscal first-quarter loss of $26.5 million, or 79 cents a share, from a profit of $3.7 million, or 10 cents a share, a year earlier. The company cited acquisition-related charges for the loss. On an adjusted basis, it would have earned $1.03 a share in the lastest quarter. Revenue grew to $417.4 million versus $386.2 million a year ago. Analysts surveyed by FactSet had forecast adjusted earnings of 96 cents a share on revenue of $399 million. Synaptics shares rallied nearly 7% after hours. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
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