SAN JOSE, Calif. (AP) — SAN JOSE, Calif. (AP) — Synaptics Inc. (SYNA) on Thursday reported a loss of $20.6 million in its fiscal first quarter.
On a per-share basis, the San Jose, California-based company said it had a loss of 53 cents. Earnings, adjusted for one-time gains and costs, came to $1.09 per share.
The results exceeded Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $1.06 per share.
The maker of touch-screen technology posted revenue of $292.5 million in the period, which also topped Street forecasts. Three analysts surveyed by Zacks expected $289.4 million.
For the current quarter ending in December, Synaptics expects its per-share earnings to range from $1 to $1.30.
The company said it expects revenue in the range of $290 million to $310 million for the fiscal second quarter.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on SYNA at https://www.zacks.com/ap/SYNA
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