Synopsys fiscal Q4 results beat expectations, but soft guidance weighs

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

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

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

For Q1, adjusted EPS was forecast in a range of $2.77 to $2.82 on revenue of $1.44B to $1.47B, compared with estimates for $3.52 on revenue of $1.64M.

For thefull-year, adjusted EPS was forecast in a range of $14.88 to $14.96 on revenue of $6.75B to $6.81B, compared with estimates for $14.89 on revenue of $6.91B.

 

Source: Investing.com