Synaptics forecasts upbeat quarter on Samsung Galaxy S4 win

By Neha Alawadhi (Reuters) – Touchscreen chipmaker Synaptics Inc forecast current-quarter results far above analysts’ estimates and confirmed that it had won contracts from Samsung Electronics Co Ltd for its Galaxy S4 smartphone and Note 8 tablet. The company, whose shares rose 19 percent in after-hours trading on Thursday, said it expects fourth-quarter adjusted earnings of 88 cents to $1.00 per share on revenue of $190.0 million to $205.0 million. The forecast far outstripped the average analyst earnings estimate of 62 cents per share, on revenue of $158. …

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Synaptics forecasts upbeat quarter on Samsung Galaxy S4 win

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