Synaptics Q1 Adj. Profit Tops View - Quick Facts

(RTTNews) - Synaptics (SYNA) reported that its first-quarter net income was $34.9 million, or $1.00 per share, compared to $6.1 million, or $0.18 per share, last year.

Non-GAAP net income for the latest first quarter was $45.9 million, or $1.31 per share, up from $12.7 million, or $0.37 per share in the year-ago period. On average, 13 analysts polled by Thomson Reuters expected the company to report profit per share of $1.23 for the quarter. Analysts' estimates typically exclude special items.

Net revenue was $222.61 million, up 75% from $127.04 million last year, while thirteen analysts expected revenue of $219.09 million for the quarter.

The company anticipates revenue to be in the range of $192.0 million to $208.0 million for the second fiscal quarter. Analysts expect the company to report second-quarter revenue of $209.35 million.