Mobile Demand Provides a Boost
Synaptics said it expects to report revenue of $227 million to $230 million for the fourth quarter ending on June 30. That's up nicely from the $190 million to $205 million estimate provided earlier. The maker of chips for touch screens cited strong mobile demand. SYNA rallies 13 percent before the opening bell on my tradeMONSTER platform.
Apollo Earnings, Revenue Miss
Apollo Group earned just $0.71 a share in the third quarter, missing the $0.85 average analyst estimate. Revenue of $946.8 million also lagged the $965 million consensus number, hurt by lower enrollment. APOL drops almost 5 percent in the premarket.
Silver Miners Take a Hit
Silver is down more than 4 percent today, and producers are taking it on the chin. Silver Standard Resources (:SSRI) declined 5 percent, Hecla Mining (HL) fell 6 percent and Pan American Silver (:PAAS) shed almost 4 percent in early trading, to name a few.
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