Why Synaptics Stock Tumbled 21% in August

Shares of Synaptics (NASDAQ: SYNA) slumped 21% in August, according to data provided by S&P Global Market Intelligence. The company's fiscal fourth-quarter report was the main driver of the decline. While Synaptics' results were roughly in line with analyst estimates, the company's guidance fell well short of expectations.

Synaptics reported fourth-quarter revenue of $426.5 million, up 32% year over year and in line with the average analyst estimate. Non-GAAP earnings per share came in at $1.18, up from $0.46 in the prior-year period and $0.02 higher than analysts expected.

A Synaptics laptop touchpad. Image source: Synaptics.

Source: Fool.com