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In the most recent trading session, the share price of Synaptics, Incorporated (NASDAQ: SYNA) decreased by 10.63%.
In the most recent trading session, the share price of Synaptics, Incorporated (NASDAQ: SYNA) decreased by 10.63%.
Why: Synaptics (NASDAQ: SYNA) announced Q2 earnings per share of $2.20, $0.14 below the average estimate of $2.34. Additionally, vs a consensus estimate of $365.38 million, the quarter’s sales came in at $353.1 million.
We are happy with these achievements, especially our ability to sustain margins, given the macroeconomic climate. We continue to have faith in the capabilities of our automotive, wireless, and video interface product lines.
“Our clients are still reducing their stocks and maintaining caution in their predictions of short-term demand. Consequently, we anticipate a little sequential sales reduction in the quarter ending in March.
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