Synopsys (NASDAQ:SNPS) reported its Q2 earnings results on Wednesday, May 18, 2022 at 04:05 PM.
Here's what investors need to know about the announcement.
Earnings
Synopsys beat estimated earnings by 5.49%, reporting an EPS of $2.5 versus an estimate of $2.37.
Revenue was up $255.00 million from the same period last year.
Past Earnings Performance
Last quarter the company beat on EPS by $0.03 which was followed by a 4.39% drop in the share price the next day.
Here's a look at Synopsys's past performance:
| Quarter | Q1 2022 | Q4 2021 | Q3 2021 | Q2 2021 |
|---|---|---|---|---|
| EPS Estimate | 2.37 | 1.78 | 1.78 | 1.52 |
| EPS Actual | 2.40 | 1.82 | 1.81 | 1.70 |
| Revenue Estimate | 1.27B | 1.15B | 1.05B | 988.70M |
| Revenue Actual | 1.27B | 1.15B | 1.06B | 1.02B |
To track all earnings releases for Synopsys visit their earnings calendar here.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
