Benzinga | May 19, 2021 04:07PM EDT

Synopsys Q2 Adj. EPS $1.70 Beats $1.52 Estimate, Sales $1.02B Beat $988.70M Estimate

Synopsys (NASDAQ:SNPS) reported quarterly earnings of $1.70 per share which beat the analyst consensus estimate of $1.52 by 11.84 percent. This is a 39.34 percent increase over earnings of $1.22 per share from the same period last year. The company reported quarterly sales of $1.02 billion which beat the analyst consensus estimate of $988.70 million by 3.57 percent. This is a 18.89 percent increase over sales of $861.33 million the same period last year.