Synopsys Sees Q2 Adj. EPS $3.09-$3.14 vs $3.01 Est., Revenue $1.56B-$1.59B vs $1.55B Est.
Portfolio Pulse from Benzinga Newsdesk
Synopsys projects its Q2 adjusted EPS to be between $3.09 and $3.14, surpassing the estimated $3.01. Revenue is expected to be between $1.56B and $1.59B, also exceeding the $1.55B estimate.
February 21, 2024 | 9:07 pm
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Synopsys expects its Q2 adjusted EPS to outperform estimates with figures between $3.09 and $3.14, and anticipates revenues to surpass expectations, ranging from $1.56B to $1.59B.
Synopsys' projection of higher-than-expected earnings and revenue for Q2 suggests a positive outlook for the company's financial performance. This typically leads to increased investor confidence and can drive the stock price up in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100