Flash: Synaptics sees Q4 revs $138-146 mln vs $146.54 mln Thomson Reuters consensus

Synaptics beats by $0.07, reports revs in-line; guides Q4 revs below consensus (27.94 +0.95)
Reports Q3 (Mar) earnings of $0.55 per share, $0.07 better than the Thomson Reuters consensus of $0.48; revenues rose 22.5% year/year to $142.4 mln vs the $141.4 mln consensus. Co issues downside guidance for Q4, sees Q4 revs of $138-146 mln vs. $146.54 mln Thomson Reuters consensus. “Our current outlook assumes some near-term revenue headwinds from consumer notebook market dynamics and, as previously indicated, the continuing mix shift within our delivery model for touchscreen solutions. However, with that mix shift we also expect our gross margin percentage to increase, providing additional operating leverage to our business model. Moving forward, we are very pleased with the level of interest we have seen in our expanded product portfolio. Design activity is robust across our customer base, and we are very well-positioned for continued success in our long-term growth markets.”