22.05.2024 22:27:44 - dpa-AFX: Synopsys, Inc. Q2 Profit Increases, But Misses Estimates

WASHINGTON (dpa-AFX) - Synopsys, Inc. (SNPS) announced a profit for its
second quarter that increased from last year but missed the Street estimates.

The company's bottom line came in at $299.1 million, or $1.92 per share. This
compares with $275.6 million, or $1.78 per share, in last year's second quarter.

Excluding items, Synopsys, Inc. reported adjusted earnings of $466.9 million or
$3.00 per share for the period.

Analysts on average had expected the company to earn $3.03 per share, according
to figures compiled by Thomson Reuters. Analysts' estimates typically exclude
special items.

The company's revenue for the quarter rose 15.9% to $1.46 billion from $1.26
billion last year.

Synopsys, Inc. earnings at a glance (GAAP) :

-Earnings (Q2): $299.1 Mln. vs. $275.6 Mln. last year.
-EPS (Q2): $1.92 vs. $1.78 last year.
-Revenue (Q2): $1.46 Bln vs. $1.26 Bln last year.

-Guidance:
Next quarter EPS guidance: $2.22-$2.35
Next quarter revenue guidance: $1.5-$1.53 Billion
Full year EPS guidance: $9.14-$9.36
Full year revenue guidance: $6.09-$6.15 Billion


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Copyright RTT News/dpa-AFX
Name WKN Börse Kurs Datum/Zeit Diff. Diff. % Geld Brief Erster Schluss
SYNOPSYS INC. DL-,01 883703 Frankfurt 550,800 14.06.24 21:55:01 +4,400 +0,81% 0,000 0,000 546,300 550,800

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