{"id":82680,"date":"2023-11-09T16:24:01","date_gmt":"2023-11-09T21:24:01","guid":{"rendered":"https:\/\/ifintechworld.com\/markets\/synaptics-stock-is-surging-after-earnings-revenue-beats\/"},"modified":"2023-11-09T16:24:05","modified_gmt":"2023-11-09T21:24:05","slug":"synaptics-stock-is-surging-after-earnings-revenue-beats","status":"publish","type":"post","link":"https:\/\/ifintechworld.com\/?p=82680","title":{"rendered":"Synaptics\u2019 stock is surging after earnings, revenue beats"},"content":{"rendered":"
\n

Synaptics Inc.\u2019s
\n SYNA,
\n -0.16%<\/bg-quote>
\n stock surged 14% in extended trading Thursday after the semiconductor company reported quarterly results that topped analyst revenue and earnings estimates. Synaptics reported a fiscal first-quarter net loss of $55.6 million, or $1.43 a share, compared with net income of $64.6 million, or $1.62 a share, in the year-ago quarter. Adjusted earnings were 52 cents a share. Net revenue was $237.7 million, compared with $448.1 million a year ago. Analysts surveyed by FactSet had expected on average net earnings of 37 cents a share on revenue of $230 million. Shares of Synaptics have slipped 7% this year, while the broader S&P 500 index
\n SPX,
\n -0.81%<\/bg-quote>
\n has increased 13%.<\/p>\n<\/div>\n

Read the full article here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Synaptics Inc.\u2019s SYNA, -0.16% stock surged 14% in extended trading Thursday after the semiconductor company reported quarterly results that topped analyst revenue and earnings estimates. Synaptics reported a fiscal first-quarter net loss of $55.6 million, or $1.43 a share, compared with net income of $64.6 million, or $1.62 a share, in the year-ago quarter. Adjusted […]<\/p>\n","protected":false},"author":1,"featured_media":78672,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"gallery","meta":{"footnotes":""},"categories":[241],"tags":[83],"class_list":["post-82680","post","type-post","status-publish","format-gallery","has-post-thumbnail","hentry","category-markets","tag-featured","post_format-post-format-gallery"],"yoast_head":"\nSynaptics\u2019 stock is surging after earnings, revenue beats | iFintechWorld<\/title>\n<meta name=\"description\" content=\"Synaptics Inc.\u2019s SYNA, -0.16% stock surged 14% in extended trading Thursday after the semiconductor company reported quarterly results that topped analyst\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/ifintechworld.com\/?p=82680\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" 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