SAN JOSE, Calif. (AP) 鈥� SAN JOSE, Calif. (AP) 鈥� Synaptics Inc. (SYNA) on Thursday reported a loss of $447.4 million in its fiscal fourth quarter.
The San Jose, California-based company said it had a loss of $11.53 per share. Earnings, adjusted for pretax expenses and costs related to mergers and acquisitions, came to $1.23 per share.
The results surpassed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $1.21 per share.
The maker of touch-screen technology posted revenue of $308 million in the period, which also beat Street forecasts. Three analysts surveyed by Zacks expected $305 million.
For the year, the company reported a loss of $490.8 million, or $12.62 per share. Revenue was reported as $1.2 billion.
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