Synopsys Earnings Report

Investing.com — Synopsys reported softer guidance on Wednesday that offset fiscal fourth-quarter results that topped analyst estimates.

Afterhours Trading Reaction

Synopsys Inc (NASDAQ:SNPS) fell over 4% in afterhours trading on Wednesday.

Fiscal Q4 Results

For the three months ended Oct. 31, the company reported adjusted Q4 EPS of $3.40 on revenue of $1.64 billion, surpassing estimates for $3.30 and $1.63 billion, respectively.

Q1 and Full-Year Forecasts

For Q1, adjusted EPS is forecasted in a range of $2.77 to $2.82, with revenue expected between $1.44 billion and $1.47 billion, compared to estimates of $3.52 EPS on $1.64 billion revenue.

For the full year, adjusted EPS is forecasted between $14.88 and $14.96, and revenue is projected at $6.75 billion to $6.81 billion, while estimates were for $14.89 EPS on $6.91 billion revenue.