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Synopsys -2.5%; soft FQ1 guidance overshadows FQ4 beat

Dec. 02, 2015 6:37 PM ETSynopsys, Inc. (SNPS) StockBy: Eric Jhonsa, SA News Editor
  • Though Synopsys (NASDAQ:SNPS) beat FQ4 estimates, it's guiding for FQ1 revenue of $560M-$575M and EPS of $0.60-$0.63, mostly below a consensus of $573.2M and $0.73.
  • FY16 (ends Oct. '16) guidance is better: Revenue of $2.35B-$2.39B and EPS of $2.93-$3.00 vs. a consensus of $2.38B and $2.97. FY16 op. cash flow is expected to be "at least" $500M.
  • The EDA systems/software firm notes it's dealing with a "somewhat challenging semiconductor industry backdrop." Peer Mentor Graphics recently stated (while posting an FQ3 miss and issuing soft FQ4 guidance) chip industry consolidation was weighing on demand.
  • Shares have dropped to $48.80 after hours.
  • FQ4 results, PR

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