Synaptics Inc Announces 72% Retreat In Q4 Bottom Line

(RTTNews) - Synaptics Inc (SYNA) reported a profit for fourth quarter that fell compared to the same period last year.

The company said its profit came in at $17.3 million, or $0.46 per share. This was down from $61.2 million, or $1.57 per share, in last year's fourth quarter.

Analysts had expected the company to earn $0.46 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter fell 33.6% to $323.9 million. This was down from $487.9 million last year.

Synaptics Inc earnings at a glance:

-Earnings (Q4): $17.3 Mln. vs. $61.2 Mln. last year. -Earnings Decline (Y-o-Y): -71.7% -EPS (Q4): $0.46 vs. $1.57 last year. -EPS Decline (Y-o-Y): -70.7% -Analysts Estimate: $0.46 -Revenue (Q4): $323.9 Mln vs. $487.9 Mln last year. -Revenue Change (Y-o-Y): -33.6%