SYna trading up 10 percent, if open over 66.50,, it will go
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.