Recap: Synopsys Q3 Earnings

Synopsys SNPS reported its Q3 earnings results on Wednesday, August 17, 2022 at 04:05 PM.

Here's what investors need to know about the announcement.

Synopsys beat estimated earnings by 5.53%, reporting an EPS of $2.1 versus an estimate of $1.99.

Revenue was up $190.00 million from the same period last year.

Last quarter the company beat on EPS by $0.13 which was followed by a 10.25% increase in the share price the next day.

Here's a look at Synopsys's past performance:

Quarter	Q2 2022	Q1 2022	Q4 2021	Q3 2021
EPS Estimate	2.37	2.37	1.78	1.78
EPS Actual	2.50	2.40	1.82	1.81
Revenue Estimate	1.26B	1.27B	1.15B	1.05B
Revenue Actual	1.28B	1.27B	1.15B	1.06B

New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).

Synopsys management provided guidance for FY 2022, expecting earnings between $8.8 and $8.85 per share.

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.

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