Synaptics Inc Profit Advances 39% In Q1

(RTTNews) - Synaptics Inc (SYNA) revealed earnings for its first quarter that increased from last year.

The company said its bottom line advanced to $56.9 million, or $1.49 per share. This was higher than $40.9 million, or $1.04 per share, in last year's first quarter.

Analysts had expected the company to earn $1.47 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 66.2% to $470.0 million. This was up from $282.8 million last year.

Synaptics Inc earnings at a glance:

-Earnings (Q1): $56.9 Mln. vs. $40.9 Mln. last year. -Earnings Growth (Y-o-Y): 39.1% -EPS (Q1): $1.49 vs. $1.04 last year. -EPS Growth (Y-o-Y): 43.3% -Analysts Estimate: $1.47 -Revenue (Q1): $470.0 Mln vs. $282.8 Mln last year. -Revenue Change (Y-o-Y): 66.2%