Investing.com - Synaptics reported on Thursday first quarter earnings that beat analysts' forecasts and revenue that fell short of expectations.
Synaptics announced earnings per share of $3.52 on revenue of $448.1M. Analysts polled by Investing.com EPS of $3.33 on revenue of $452.92M.
Synaptics 's are down 12% and is trading at $80.00 , still down 72.43% from its 52 week high of $299.39 set on Tuesday, December 7, 2021.
Synaptics shares lost 3.08% to trade at $80.00 in after-hours trade the report.
Synaptics follows other major Information Technology sector earnings this month
Synaptics's report follows an earnings beat by Apple on Thursday, October 27, 2022, who reported EPS of $1.29 on revenue of $90.1B, EPS of $1.26 on revenue of $88.76B.
Microsoft had beat expectations on Tuesday, October 25, 2022 with first quarter EPS of $2.35 on revenue of $50.1B, for EPS of $2.32 on revenue of $49.86B.
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