Synopsys Q1 EPS $2.62 Beats $2.50 Estimate, Sales $1.36B Beat $1.36B Estimate

Synopsys (NASDAQ:SNPS) reported quarterly earnings of $2.62 per share which beat the analyst consensus estimate of $2.50 by 4.8 percent. This is a 9.17 percent increase over earnings of $2.40 per share from the same period last year. The company reported quarterly sales of $1.36 billion which beat the analyst consensus estimate of $1.36 billion by 0.07 percent. This is a 7.17 percent increase over sales of $1.27 billion the same period last year.