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Synopsys, Inc. Q4 adjusted earnings Beat Estimates

(RTTNews) - Synopsys, Inc. (SNPS) reported earnings for its fourth quarter that increased from last year.

The company's profit came in at $197.46 million, or $1.26 per share. This compares with $160.71 million, or $1.04 per share, in last year's fourth quarter.

Excluding items, Synopsys, Inc. reported adjusted earnings of $247.68 million or $1.58 per share for the period.

Analysts had expected the company to earn $1.57 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 21.2% to $1.03 billion from $0.85 billion last year.
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