NEW YORK (TheStreet) -- Shares of Synaptics (SYNA) - Get Synaptics Incorporated Report were gaining 10.5% to $75.50 after-hours Thursday after the laptop touchpad maker beat analysts' estimates for earnings and revenue in the fiscal second quarter, and guided above estimates for the fiscal third quarter.
Synaptics reported earnings of $1.46 a share for the fiscal second quarter, beating analysts' estimates of $1.22 a share for the quarter. Revenue grew 125.4% from the year-ago quarter to $462.71 million, compared to analysts' estimates of $449.41 million for the quarter.
Looking to the fiscal third quarter, Synaptics expects revenue of $450 million to $470 million, well above analysts' estimates of $423.8 million for the quarter.
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TheStreet Ratings team rates SYNAPTICS INC as a Buy with a ratings score of B-. TheStreet Ratings Team has this to say about their recommendation:
"We rate SYNAPTICS INC (SYNA) a BUY. This is driven by several positive factors, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures, good cash flow from operations, expanding profit margins and increase in stock price during the past year. We feel these strengths outweigh the fact that the company has had sub par growth in net income."
You can view the full analysis from the report here: SYNA Ratings Report