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Strategies & Market Trends : NEW Market Gems - Swing and Day Trades -- Ignore unavailable to you. Want to Upgrade?


To: SouthFloridaGuy who wrote (140)5/23/2001 4:09:54 PM
From: Frederick Langford  Respond to of 1227
 
Hi Puff,
Great to see you again.
Thanks for the pick <G>

Fred



To: SouthFloridaGuy who wrote (140)5/23/2001 4:34:42 PM
From: Jenna  Read Replies (1) | Respond to of 1227
 
Synopsys beats consensus for Q2 eps (SNPS) by $0.04 increasing guideance and revenue concensus

By Barbara C. Costanza
Synopsys (TICKER:SNPS) also reported better-than-expected second-quarter earnings after the market closed. Net income totaled $15.8 million, or 24 cents a share, on revenue of $163.5 million. Analysts anticipated a per share profit of 20 cents, on revenue of about $165 million, according to First Call. In the year-ago period, the electronic design automation tools company reported revenue of $204.9 million, with net income of $37.4 million, or 53 cents a share. The company said that due to the transition to a subscription license model revenue and net income dropped compared with the year-ago totals. The company added that it expects third-quarter revenue of about $173 million to $178 million, with earnings of between 25 cents and 29 cents. Analysts currently expect revenue of about $177.7 million and earnings of 27 cents. Shares closed down $2.07 to $60.