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Synopsys Inc Q1 adjusted earnings Beat Estimates

Below are the earnings highlights for Synopsys Inc (SNPS):

-Earnings: $153.51 million in Q1 vs. -$3.69 million in the same period last year.
-EPS: $1.01 in Q1 vs. -$0.02 in the same period last year.
-Excluding items, Synopsys Inc reported adjusted earnings of $164.89 million or $1.08 per share for the period.
-Analysts projected $0.97 per share
-Revenue: $820.40 million in Q1 vs. $769.43 million in the same period last year.

-Guidance:
Next quarter EPS guidance: $1.07 - $1.12
Next quarter revenue guidance: $810 - $850 Mln
Full year EPS guidance: $4.20 - $4.27
Full year revenue guidance: $3.290 - $3.340 Bln

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