Synopsys (NASDAQ:SNPS) reported its Q1 earnings results on Wednesday, February 16, 2022 at 04:05 PM.
Here’s what investors need to know about the announcement.
Earnings
Synopsys beat estimated earnings by 1.27%, reporting an EPS of $2.4 versus an estimate of $2.37.
Revenue was up $299.68 million from the same period last year.
Past Earnings Performance
Last quarter the company beat on EPS by $0.04, which was followed by a 4.46% increase in the share price the next day.
Here’s a look at Synopsys’s past performance:
| Quarter | Q4 2021 | Q3 2021 | Q2 2021 | Q1 2021 |
|---|---|---|---|---|
| EPS Estimate | 1.78 | 1.78 | 1.52 | 1.47 |
| EPS Actual | 1.82 | 1.81 | 1.70 | 1.52 |
| Revenue Estimate | 1.15B | 1.05B | 988.70M | 958.78M |
| Revenue Actual | 1.15B | 1.06B | 1.02B | 970.32M |
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This article was generated by Benzinga’s automated content engine and reviewed by an editor.
