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SAN JOSE, Calif. (AP) _ Synaptics Inc. (SYNA) on Thursday reported fiscal second-quarter earnings of $49.6 million.
On a per-share basis, the San Jose, California-based company said it had net income of $1.36. Earnings, adjusted for one-time gains and costs, were $2.30 per share.
The results surpassed Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $2.16 per share.
The maker of touch-screen technology posted revenue of $357.6 million in the period, also topping Street forecasts. Three analysts surveyed by Zacks expected $356.7 million.
For the current quarter ending in April, Synaptics said it expects revenue in the range of $310 million to $340 million. Analysts surveyed by Zacks had expected revenue of $305.1 million.
Synaptics shares have climbed 11% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $106.87, an increase of 54% in the last 12 months.