SUNNYVALE, Calif. (AP) — SUNNYVALE, Calif. (AP) — Synopsys Inc. (SNPS) on Wednesday reported fiscal third-quarter earnings of $545.8 million.
On a per-share basis, the Sunnyvale, California-based company said it had profit of $2.84. Earnings, adjusted for one-time gains and costs, came to $3.91 per share.
The results exceeded Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of $3.67 per share.
The maker of software used to test and develop chips posted revenue of $2.48 billion in the period, which also beat Street forecasts. Six analysts surveyed by Zacks expected $2.44 billion.
For the current quarter ending in October, Synopsys expects its per-share earnings to range from $4.10 to $4.16.
The company said it expects revenue in the range of $2.53 billion to $2.58 billion for the fiscal fourth quarter.
Synopsys expects full-year earnings in the range of $15.04 to $15.10 per share, with revenue ranging from $9.69 billion to $9.74 billion.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on SNPS at https://www.zacks.com/ap/SNPS
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