Synopsys (NASDAQ: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.

Earnings

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.

Past Earnings Performance

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:

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).

Guidance

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.