Synaptics hikes guidance; CFO plans to retire
Synaptics (NASDAQ:SYNA) now expects FQ2 revenue of $440M-$460M, better than prior guidance of $415M-$450M and above a $433.1M consensus.The company also announces CFO Kathleen Bayless plans to retire in February. A search has begun for a successor.The guidance hike comes six weeks after an FQ1 miss (believed to be due to weak high-end Samsung phone sales) that triggered a selloff.
Synaptics (NASDAQ:SYNA) now expects FQ2 revenue of $440M-$460M, better than prior guidance of $415M-$450M and above a $433.1M consensus.The company also announces CFO Kathleen Bayless plans to retire in February. A search has begun for a successor.The guidance hike comes six weeks after an FQ1 miss (believed to be due to weak high-end Samsung phone sales) that triggered a selloff.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.