Synopsys, Inc. Q4 Profit Increases, beats estimates

(RTTNews) - Synopsys, Inc. (SNPS) released a profit for its fourth quarter that increased from last year and beat the Street estimates.

The company's earnings totaled $349.19 million, or $2.26 per share. This compares with $153.50 million, or $0.99 per share, in last year's fourth quarter.

Excluding items, Synopsys, Inc. reported adjusted earnings of $490.94 million or $3.17 per share for the period.

Analysts on average had expected the company to earn $3.04 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 25.0% to $1.60 billion from $1.28 billion last year.

Synopsys, Inc. earnings at a glance (GAAP) :

-Earnings (Q4): $349.19 Mln. vs. $153.50 Mln. last year. -EPS (Q4): $2.26 vs. $0.99 last year. -Analyst Estimate: $3.04 -Revenue (Q4): $1.60 Bln vs. $1.28 Bln last year.

-Guidance: Next quarter EPS guidance: $3.40 - $3.45 Next quarter revenue guidance: $1630 - $1660 Mln