Synaptics Incorporated reported earnings results for the third quarter and nine months ended March 31, 2024. For the third quarter, the company reported sales was USD 237.3 million compared to USD 326.6 million a year ago. Net loss was USD 18.1 million compared to net income of USD 10.4 million a year ago. Basic loss per share from continuing operations was USD 0.46 compared to basic earnings per share from continuing operations of USD 0.26 a year ago. Diluted loss per share from continuing operations was USD 0.46 compared to diluted earnings per share from continuing operations of USD 0.26 a year ago.
For the nine months, sales was USD 712 million compared to USD 1,127.8 million a year ago. Net loss was USD 82.7 million compared to net income of USD 97 million a year ago. Basic loss per share from continuing operations was USD 2.12 compared to basic earnings per share from continuing operations of USD 2.44 a year ago. Diluted loss per share from continuing operations was USD 2.12 compared to diluted earnings per share from continuing operations of USD 2.41 a year ago.