Synopsys Q4 Profit Up - Quick Facts

(RTTNews) - Synopsys Inc. (SNPS) Wednesday reported fourth-quarter profit of $56.9 million or $0.36 per share, up from $29.1 million or $0.19 per share in the same period last year.

Adjusted earnings for the quarter was $88.3 million or $0.56 per share. On average, eight analysts polled by Thomson Reuters expected the company to earn $0.55 per share for the quarter. Analysts' estimates typically exclude special items.

Revenues increased to $504.9 million from $454.2 million last year. Analysts expected revenues of $505.82 million.

Looking ahead to the first quarter, the company has forecast earnings in the range of $0.30 to $0.38 per share, with adjusted earnings ranging between $0.51 and $0.53 per share.

Revenues are expected to be in the order of $475 million to $485 million. Analysts currently expect the company to earn $0.62 per share on first-quarter revenues of $504.30 million.

For the fiscal year 2014, the company currently projects earnings in the range of $1.69 to $1.82 per share, with adjusted earnings in the order of $2.55 to $2.60 per share.

Revenues are expected to range between $2.06 billion and $2.085 billion. Analysts currently expect the company to report full-year earnings of $2.54 per share on revenues of $2.09 billion.