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Synopsys, Inc. Q1 adjusted earnings Beat Estimates

Synopsys, Inc. (SNPS) announced a profit for first quarter that fell from the same period last year.

The company's earnings totaled $104.06 million, or $0.67 per share. This compares with $153.51 million, or $1.01 per share, in last year's first quarter.

Excluding items, Synopsys, Inc. reported adjusted earnings of $156.67 million or $1.01 per share for the period.

Analysts had expected the company to earn $0.92 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 1.7% to $834.38 million from $820.40 million last year.

Synopsys, Inc. earnings at a glance:

-Earnings (Q1): $156.67 Mln. vs. $164.70 Mln. last year.
-EPS (Q1): $1.01 vs. $1.08 last year.
-Analysts Estimate: $0.92
-Revenue (Q1): $834.38 Mln vs. $820.40 Mln last year.

-Guidance:
Next quarter EPS guidance: $0.96 - $1.01
Next quarter revenue guidance: $820 - $850 Mln
Full year EPS guidance: $3.60 - $3.65 Bln
Full year revenue guidance: $5.18 - $5.25

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