Categories AlphaGraphs, Earnings, Technology
SNPS Earnings: Synopsys Q2 revenue and adjusted profit grow in double digits
Synopsys, Inc. (NASDAQ: SNPS), a leading electronic design automation company, has reported a double-digit increase in revenues and adjusted profit for the second quarter of 2024.
Total revenue increased 15% year-over-year to $1.46 billion in the April quarter. Net income rose 7% from last year to $292.1 million or $1.88 per share during the three months. On an adjusted basis, earnings climbed 26% to $3.00 per share in Q2 from $2.38 per share last year.
For the third quarter of 2024, the company expects revenue to be in the range of $1.51 billion to $1.54 billion. Full-year revenue is estimated to be between $6.09 billion and $6.15 billion.
Listen to the conference calls as they happen. Don't miss a beat! With AlphaStreet Intelligence, you can listen to live calls and interviews as they happen, so you never have to worry about missing out on important information.
Most Popular
Broadcom (AVGO) reports higher Q3 revenue and profit; results beat estimates
Semiconductor company Broadcom, Inc. (NASDAQ: AVGO) reported higher revenues and adjusted earnings for the third quarter of 2024 amid continued strong demand. The Q3 numbers also topped expectations. Earnings, excluding
Key takeaways from Hewlett Packard’s (HPE) Q3 2024 earnings report
Hewlett Packard Enterprise (NYSE: HPE) has delivered stronger-than-expected third-quarter results amid significant conversion in AI system revenues. The prospects for the company's AI server and edge computing businesses look promising
Hormel Foods (HRL): Factors that put a damper on the food company’s Q3 performance
Shares of Hormel Foods Corporation (NYSE: HRL) were up over 2% on Thursday. The stock is recovering from a fall it took a day ago after the company delivered mixed