Synaptics Inc Q4 Profit Increases, beats estimates

(RTTNews) - Synaptics Inc (SYNA) reported a profit for its fourth quarter that increased from last year and beat the Street estimates.

The company's bottom line totaled $82.9 million, or $2.04 per share. This compares with $19.0 million, or $0.48 per share, in last year's fourth quarter.

Excluding items, Synaptics Inc reported adjusted earnings of $157.0 million or $3.87 per share for the period.

Analysts on average had expected the company to earn $3.67 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 45.3% to $476.4 million from $327.8 million last year.

Synaptics Inc earnings at a glance (GAAP) :

-Earnings (Q4): $82.9 Mln. vs. $19.0 Mln. last year. -EPS (Q4): $2.04 vs. $0.48 last year. -Analyst Estimate: $3.67 -Revenue (Q4): $476.4 Mln vs. $327.8 Mln last year.

-Guidance: Next quarter revenue guidance: $440 to $470 Mln