* Q1 adj EPS of 48 cents beat estimates by 6 cents
* Q1 revenue up 3.2 pct
* Sees Q2 sales of $128 mln-$134 mln
* Sees Q2 adj EPS of $0.52-$0.59
* Shares rise 11 percent (Recasts; Adds conference call details, updates share movement)
BANGALORE, Oct 22 (Reuters) - Touchscreen technology maker Synaptics Inc (SYNA.O) posted a quarterly profit that beat expectations, driven by strong demand from smartphone makers, sending its shares up 11 percent after the bell.
The company also forecast second-quarter earnings of 52 cents to 59 cents a share, excluding items, on revenue of $128 million to $134 million. Analysts were expecting earnings of 59 cents a share on revenue of $137.1 million, according to Thomson Reuters I/B/E/S.
In the first quarter, revenue from the non-PC business — which includes products for handsets and MP3 players — rose 39 percent. This segment now accounts for close to 40 percent of the company’s revenue.
Revenue at the company’s largest business segment, which makes touchpads for PCs and netbooks, rose 14 percent sequentially.
Net income fell to $9.8 million, or 27 cents per share, from $12.4 million, or 34 cents per share, a year earlier.
Excluding items, the company reported earnings of 48 cents a share. Revenue rose 3.2 percent to $119.6 million.
Analysts expected earnings of 42 cents a share, excluding exceptional items, on revenue of $116.4 million.
Synaptics recent design wins include LG Electronics Inc (066570.KS) latest Black series Chocolate Touch; the LG BL 40; the HTC Hero Phone; and two new Huawei phones.
“We have been designed into two new Samsung phones to begin shipping this quarter,” the company said on a conference call with analysts.
The company also said it has begun its first production shipments into a major European mobile provider.
Shares of the company were up $2.48 at $26.15 in trading after the bell. They closed at $23.66 Thursday on Nasdaq. They have dropped 34 percent in the last three months amid growing competition in the handset market. (Reporting by Shrutika Verma in Bangalore, Editing by Saumyadeb Chakrabarty)