Investing.com - Synaptics (NASDAQ:SYNA) 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 anticipated EPS of $3.33 on revenue of $452.92M.
Synaptics shares are down 12% from the beginning of the year, still down 72.43% from its 52 week high of $299.39 set on December 7, 2021.
Synaptics shares lost 3.08% in after-hours trade following the report.
Synaptics follows other major Information Technology sector earnings this month
Synaptics's report follows an earnings beat by Apple on October 27, who reported EPS of $1.29 on revenue of $90.1B, compared to forecasts EPS of $1.26 on revenue of $88.76B.
Microsoft had beat expectations on October 25 with first quarter EPS of $2.35 on revenue of $50.1B, compared to forecast for EPS of $2.32 on revenue of $49.86B.
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