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To: Return to Sender who wrote (90135)5/3/2023 4:46:24 PM
From: Return to Sender  Read Replies (1) | Respond to of 95378
 
Synaptics beats by $0.03, reports revs in-line; guides Q4 revs below consensus; authorizes $500 mln repurchase program

4:22 PM ET 5/3/23 | Briefing.com

Reports Q3 (Mar) earnings of $1.89 per share, $0.03 better than the S&P Capital IQ Consensus of $1.86; revenues fell 30.5% year/year to $326.6 mln vs the $325.47 mln S&P Capital IQ Consensus. Co issues downside guidance for Q4, sees Q4 revs of $210-$240 mln vs. $328.32 mln S&P Capital IQ Consensus.Synaptics also announced that its board of directors has authorized a $500 million increase in the company's existing share repurchase program, which expires in July 2025.