Synopsys Profit Tops Estimate; Q1 Outlook Strong

(RTTNews) - Synopsys Inc (SNPS) Wednesday reported fourth-quarter net earnings of $62.5 million or $0.39 per share compared with $56.9 million or $0.36 per share last year.

Excluding items, adjusted earnings for the quarter were $0.64 per share compared with $0.56 per share a year ago.

Revenues for the quarter were $539 million compared with $505 million in the prior year.

Analysts polled by Thomson Reuters estimated earnings of $0.61 per share on revenues of $541.9 million for the quarter. Analysts' estimates typically exclude special items.

For the first quarter, the company expects adjusted earnings of $0.61 to $0.63 per share on revenues of $535 million to $545 million. Analysts expect earnings of $0.61 per share on revenues of $518.4 million.

For the full year, the company expects adjusted earnings of $2.67 to $2.72 per share on revenues of $2.19 billion to $2.23 billion. Analysts expect earnings of $2.70 per share on revenues of $2.21 billion.

Synopsys is a provider of software, IP and services used to accelerate innovation in chips and electronic systems.