Synaptics Swings To Q3 Profit

(RTTNews) - Synaptics Inc. (SYNA), Thursday reported third-quarter net income of $31.5 million or $0.82 per share, compared to net loss of $40.1 million or $1.12 per share last year.

Adjusted earnings for the quarter were $1.65 per share, up from $0.63 per share last year.

Revenues for the quarter rose to $477.6 million from $204.3 million last year.

Analysts polled by Thomson Reuters estimated earnings of $1.58 per share on revenues of $471.53 million for the quarter. Analysts' estimates typically exclude special items.

The company expects fourth-quarter revenues of $460 million to $500 million. Analysts currently estimate revenues of $480.5 million for the quarter.