After-hours trading of Synopsys shares (NASDAQ:), was more than 4 percent higher, with an EPS of 2.50 better than the consensus estimate at $2.37. The consensus estimate was $1.26 billion. Revenue came in at $1.28 million.

The company expects Q3 non-GAAP EPS in the range of $2.01- $2.06 and revenue in the range of $1.21 billion – 1.24 billion. These numbers are better than those consensused at $1.61 or $1.14 billion.

For the full 2022-year, the company expects EPS in the range of $8.63 – $8.70 and revenue in the range of $5 billion – $5.05 billion. This compares to the $4.81 billion consensus and $7.90.

The results showed that Synopsys shares were 26% lower year to date.

By Davit Kirakosyan