– Synopsys, Inc. (NASDAQ: SNPS) reported adjusted earnings of $1.01 per share for the first quarter of 2020, vs. $0.92 per share expected.
– Total revenues increased to $834.4 million from $820.4 million in the first quarter of fiscal 2019, vs. $821.61 million expected
— First-quarter net income declined to $104.1 million or $0.67 per share from $153.5 million or $1.01 per share in the corresponding period of last year
— For the second quarter of 2020, Synopsys expects revenues to be in the range of $820 million to $850 million; and adjusted earnings per share between $0.96 and $1.01
— Looking for unadjusted earnings per share of $0.49-$0.62 for the April-quarter
— Expects full-year 2020 revenues to be in the range of $3.60 billion to $3.65 billion, in line with the initial projection
— Expects full-year adjusted earnings to be between $5.18 per share and $5.25 per share, which is unchanged from the previous outlook
— Unadjusted earnings are forecast to be between $3.68 per share and $3.87 per share in fiscal 2020
Most Popular
United Parcel Service (UPS) seems on track to regain lost strength
Cargo giant United Parcel Service, Inc. (NYSE: UPS) ended fiscal 2023 on a weak note, reporting lower revenues and profit for the fourth quarter. The company experienced a slowdown post-pandemic
IPO Alert: What to look for when Boundless Bio goes public
Boundless Bio is preparing to debut on the Nasdaq stock market this week, and become the latest addition to the list of biotech firms that have launched IPOs this year.
Nike (NKE) bets on innovation and partnerships to return to high growth
Sneaker giant Nike, Inc. (NYSE: NKE) has been going through a rough patch for some time, with sales coming under pressure from weak demand and rising competition. Post-pandemic, the company