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
CL Earnings: Key quarterly highlights from Colgate-Palmolive’s Q2 2024 financial results
Colgate-Palmolive Company (NYSE: CL) reported its second quarter 2024 earnings results today. Net sales increased 4.9% year-over-year to $5 billion. Organic sales increased 9%. Net income attributable to Colgate-Palmolive Company was $731
Key takeaways from Visa’s Q3 2024 earnings report
Credit card behemoth Visa, Inc. (NYSE: V) this week reported mixed results for the June quarter, with earnings matching expectations and sales slightly missing the view. Both numbers grew in
Southwest Airlines (LUV): A look at the airline’s performance in Q2 2024
Shares of Southwest Airlines Co. (NYSE: LUV) were up over 6% on Thursday after the company beat earnings estimates for the second quarter of 2024. The stock has gained 4%
