NasdaqGS:SYNASemiconductor
Synaptics (SYNA) Stock Rallies Even As Losses Deepen Sharply
Synaptics jumped about 4% today, yet the stock is still down double digits over the past month. That clash between a relief rally and a weak short-term tape sets the stage for earnings that are all about one thing: the strain on profitability.
The company just posted quarterly revenue of US$308 million, but the headline is the deep net loss for the year and sharply negative trailing twelve month earnings from continuing operations of US$490.8 million. For a semiconductor stock that trades on...