Synopsys, Inc. (NASDAQ:SNPS) is reporting third quarter earnings results on Wednesday 19th August 2020, after market close.
The consensus estimates from Thomson Reuters are income of $ 1.34 per share from $ 894.12 million in revenue.
For the full year, analysts predict revenues of $ 3629.90 million, while looking forward to income of $ 5.27 per share.
The Company Outlook
Revenue for 3Q20 are expected in a range of $ 875.00 million ~ $ 905.00 million
Full Year 2020 topline are forecasted in a range of$ 3,600.00 million ~ $ 3,650.00 million, where as bottomline are predicted in a range of $ 5.21 ~ $ 5.28 per share
Click Here For More Historical Outlooks Of Synopsys, Inc.
Previous Quarter Performance
Synopsys, Inc. posted income for the second quarter of $ 1.22 per share, from the revenue of $ 861.30 million. The quarterly earnings increased 5.17 percent compared with the same quarter last year. According to street consensus, SNPS was expected to report 2Q20 income of $ 0.98 per share from revenue of $ 837.28 million. The bottom line results beat street analysts by $ 0.24 or 24.49 percent, at the same time, top line results outshined analysts by $ 24.02 million or 2.87 percent.
wpDataChart with provided ID not found! wpDataTable with provided ID not found!Stock Performance
According to the previous trading day, closing price of SNPS was $ 200.09, representing a 90.74 % increase from the 52 week low of $ 104.90 and a 2.35 % decrease over the 52 week high of $ 204.90.
The company has a market capital of $ 30.17 billion and is part of the Technology sector and Software – Application industry.
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Conference Call
Synopsys, Inc. will be hosting a conference call at 5:00 PM eastern time on 19th August 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.synopsys.com
Synopsys, Inc. provides electronic design automation software products used to design and test integrated circuits (ICs). It offers Fusion Design Platform, a digital design implementation solution; Verification Continuum Platform that provides virtual prototyping, static and formal verification, simulation, emulation, field-programmable gate array (FPGA)-based prototyping, and debug solutions; and FPGA design products that are programmed to perform specific functions.
