Synopsys (SNPS) Tops Q1 EPS by 16c; Guides Above Views

Synopsys (NASDAQ: SNPS) reported Q1 EPS of $0.94, $0.16 better than the analyst estimate of $0.78. Revenue for the quarter came in at $652.8 million versus the consensus estimate of $637.73 million.

GUIDANCE:

Synopsys sees Q2 2017 EPS of $0.85-$0.88, versus the consensus of $0.77. Synopsys sees Q2 2017 revenue of $665-680 million, versus the consensus of $638.9 million.

Synopsys sees FY2017 EPS of $3.21-$3.26, versus the consensus of $3.20. Synopsys sees FY2017 revenue of $2.58-2.61 billion, versus the consensus of $2.59 billion.

For earnings history and earnings-related data on Synopsys (SNPS) click here.

You May Also Be Interested In

• Synopsys upgraded at Piper Sandler on Intel foundry momentum, Apple opportunity
• Deutsche Bank Starts DexCom (DXCM) at Buy
• Piper Sandler Upgrades Synopsys (SNPS) to Overweight