Synaptics sees Q3 EPS 85c +/- 20c, consensus 72c

Sees Q3 revenue $265M +/- $15M, consensus $253.27M. Sees Q3 gross margin 53.5% +/- 1%. Ken Rizvi, added, “We are seeing stable to improving trends in most of our end markets. While the fiscal third quarter is down sequentially due to seasonality, our guidance reflects continued year-over-year growth in our business. Our strong balance sheet and positive cash flow, positions us to capitalize on both organic and inorganic growth opportunities, while also returning capital to shareholders through share buybacks.”