Synopsys Beats on Q1, Guidance

Watch stocks you care about

The single, easiest way to keep track of all the stocks that matter...

Your own personalized stock watchlist!

It's a 100% FREE Motley Fool service...

Click Here Now

Synopsys (NASDAQ: SNPS  ) managed to beat estimates in its just-reported fiscal Q1 2013 results. For the quarter, the company's revenue was $475 million, or 12% higher than the $426 million of the same period one year ago. Non-GAAP net profit came in at $103 million ($0.67 per share), up 25% on a year-over-year basis from Q1 2012's $82 million ($0.56).

Those figures trumped market expectations. Analysts had been anticipating $473 million in top line and an EPS number of $0.55.

Synopsys' forward-looking financial targets also exceeded estimates. For the current quarter, the company expects $490 million to $500 million in revenue, and EPS of $0.63 to $0.65. Analysts have forecast $486 million and $0.56, respectively. For the entirety of fiscal 2013, the company believes it will post revenue of $1.96 billion to $1.98 billion and net $2.35 to $2.40 per share, against market expectations of $1.96 billion and $2.29, respectively.

Read/Post Comments (0) | Recommend This Article (0)

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

Be the first one to comment on this article.

Compare Brokers

Fool Disclosure

Sponsored Links

Leaked: Apple's Next Smart Device
(Warning, it may shock you)
The secret is out... experts are predicting 458 million of these types of devices will be sold per year. 1 hyper-growth company stands to rake in maximum profit - and it's NOT Apple. Show me Apple's new smart gizmo!

DocumentId: 2267480, ~/Articles/ArticleHandler.aspx, 8/26/2016 7:49:25 PM

Report This Comment

Use this area to report a comment that you believe is in violation of the community guidelines. Our team will review the entry and take any appropriate action.

Sending report...

Today's Market

updated Moments ago Sponsored by:
DOW 18,395.40 -53.01 -0.29%
S&P 500 2,169.04 -3.43 -0.16%
NASD 5,218.92 6.71 0.13%

Create My Watchlist

Go to My Watchlist

You don't seem to be following any stocks yet!

Better investing starts with a watchlist. Now you can create a personalized watchlist and get immediate access to the personalized information you need to make successful investing decisions.

Data delayed up to 5 minutes

Related Tickers

8/26/2016 4:00 PM
SNPS $59.14 Up +0.40 +0.68%
Synopsys CAPS Rating: **