— Synopsys, Inc. (NASDAQ: SNPS) reported adjusted earnings of $1.15 per share for the fourth quarter of 2019, vs. $1.13 per share expected.
— Revenues increased to $851.1 million from $795.1 million for the fourth quarter of fiscal 2018, vs. 847.33 million expected
— Fourth-quarter net income declined sharply to $160.7 million, or $1.04 per share, from $254.3 million, or $1.66 per share last year
— For the first quarter of 2020, expects revenues in the range of $805 million to $835 million; and adjusted earnings per share between $ 0.89 and $ 0.94
— Expects full-year 2020 revenues to be in the range of $3.60 billion to $3.65 billion.
ADVERTISEMENT
— Expects full-year adjusted earnings to be between $5.18 per share and $5.25 per share