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Synaptics revenue jumps 25 pct on higher mobile chip demand
April 24, 2014 / 8:26 PM / 3 years ago

Synaptics revenue jumps 25 pct on higher mobile chip demand

April 24 (Reuters) - Touchscreen chip maker Synaptics Inc’s third-quarter revenue rose 25 percent due to a surge in sales to mobile phone makers.

Synaptics reported a net loss of $40.1 million, or $1.12 per share for the quarter ended March 31, compared with a net income of $36.4 million, or $1.07 per share, a year earlier.

Excluding items, the company earned 63 cents per share.

Revenue climbed to $204.3 million from $163.3 million.

Mobile products sales rose 44 percent to $150.7 million at the company, which counts Samsung Electronics Co Ltd among its top customers. (Reporting By Lehar Maan and Supantha Mukherjee in Bangalore; Editing by Savio D‘Souza)

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