SNPS -->( $52-->$44) PE 90 reports EPS a Penny Shy of Estimates
another great RRSF call<g>
16:35 PM EST, Aug 22, 2001 -- Synopsys Inc. (SNPS) announced
its third quarter results for the period that ended on August 4, 2001 tonight,
reporting revenue of $176.1 million and net income of $18.0 million, or $0.28
per share. This compares to revenue of $228.8 million and net income of $45.3
million, or $0.65 per share, in the year ago period. Analysts were expecting
the company to post a profit of $0.29 per share on revenue of $176.50 million,
according to First Call. Synopsys said it will provide its operating model
targets for the remainder of fiscal 2001 and for fiscal 2002 during its
earnings call at 5:00pm EDT and in a separate press release to be released
later this evening. The stock is declining 3.3 percent tonight on 4,100 Island
shares.
Conference Call: Synopsys
(SNPS) says consulting business was hardest hit during the quarter, coming in
6 percent under expectations, hurt by cancellations and pushouts and says is expects order growth in FY 2001 at 17 percent, and
mid-to-high-teens for FY 2002. Island data below. |
