Here's why - guidance;
Reports Q1 (Sep) earnings of $1.31 per share, $0.08 better than the Capital IQ Consensus Estimate of $1.23; revenues rose 75.3% year/year to $222.6 mln vs the $219.18 mln consensus. Co issues downside guidance for Q2, sees Q2 revs of $192-208 mln vs. $208.98 mln Capital IQ Consensus Estimate.
E.P.S. WAS $1.31 & REVS WERE 221,000,000 MILLION AHEAD OF THE
STREET, OF 219,000,000 EVERY ONE ARE READING THE REPORT
WRONG & THINK THEY ONLY DID $1.00 BUT NON-GAP IS
$1.31 WHICH, BEATS BY 8 CENTS!!!
morningwood, the drop after hours makes no sense. SYNA ended the quarter with over $10 per share in cash. SYNA earned a buck in GAAP earnings last quarter. Synaptics has succeeded in transitioning from touch interfaces for pc's to mobile devices. Soon all mobile phones will be smart phones with touch screens. And, most laptops will have touch screens in the near future. SYNA is positioned for continued growth. What's not to like?
Sentiment: Strong Buy