Synopsys, Inc. (NASDAQ:SNPS) reported its first-quarter financial results after the bell Wednesday. Here's a look at the highlights. Synopsys reported quarterly earnings of $3.56 per share, which beat the analyst consensus estimate of $3.43 by 3.79%. The company reported quarterly sales of $1.65 billion, in line with the analyst consensus, and a 21.16% increase over sales of $1.36 billion from the same period last year. "The first quarter marked an excellent start to the year with strong executi
Sunnova Energy reported quarterly losses of $1.53 per share which missed the analyst consensus estimate of loss of 18 cents by 750% and is a 750% decrease over losses of 18 cents per share from the same period last year.
Shares of several semiconductor stocks, including Arm, are trading higher with increased excitement surrounding the artificial intelligence revolution. "Accelerated computing and generative AI have hit the tipping point. Demand is surging worldwide across companies, industries and nations," said Nvidia CEO Jensen Huang.
Synopsys also issued strong guidance and said it sees second-quarter adjusted earnings of between $3.09 and $3.14 per share, versus the $3.01 estimate, and second-quarter revenue between $1.56 billion and $1.59 billion, versus the $1.55 billion estimate.