In This Article:
SUNNYVALE, Calif. (AP) — SUNNYVALE, Calif. (AP) — Synopsys Inc. (SNPS) on Wednesday reported fiscal second-quarter earnings of $345.3 million.
On a per-share basis, the Sunnyvale, California-based company said it had net income of $2.21. Earnings, adjusted for one-time gains and costs, were $3.67 per share.
The results beat Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of $3.39 per share.
The maker of software used to test and develop chips posted revenue of $1.6 billion in the period, which matched Street forecasts.
For the current quarter ending in July, Synopsys expects its per-share earnings to range from $3.82 to $3.87.
The company said it expects revenue in the range of $1.76 billion to $1.79 billion for the fiscal third quarter.
Synopsys expects full-year earnings in the range of $15.11 to $15.19 per share, with revenue ranging from $6.75 billion to $6.81 billion.
_____
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on SNPS at https://www.zacks.com/ap/SNPS