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Synopsys Inc Q2 adjusted earnings Beat Estimates

Synopsys Inc (SNPS) released a profit for its second quarter that climbed from last year.

The company's profit totaled $118.21 million, or $0.77 per share. This compares with $102.47 million, or $0.67 per share, in last year's second quarter.

Excluding items, Synopsys Inc reported adjusted earnings of $178.10 million or $1.16 per share for the period.

Analysts had expected the company to earn $1.09 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 7.6% to $836.24 million from $776.84 million last year.

Synopsys Inc earnings at a glance:

-Earnings (Q2): $178.10 Mln. vs. $164.99 Mln. last year.
-EPS (Q2): $1.16 vs. $1.08 last year.
-Analysts Estimate: $1.09
-Revenue (Q2): $836.24 Mln vs. $776.84 Mln last year.

-Guidance:
Next quarter EPS guidance: $1.07 - $1.12
Next quarter revenue guidance: $810 - $850 Mln
Full year EPS guidance: $4.24 - $4.40
Full year revenue guidance: $3.29 - $3.35 Bln

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