By Micah Maidenberg
Synopsys Inc., a company that specializes in developing software engineers use in testing semiconductor chips and other products, said profit, on a GAAP basis, fell in its latest quarter.
Mountain View, Calif.-based Synopsys reported earnings of $104.6 million, or 67 cents a share, down from $153.5 million, or $1.01 a share, the year earlier.
Excluding share-based compensation and after other adjustments, the company's profit of $1.01 a share was 9 cents more than forecasts from analysts polled by FactSet.
Synopsys generated $834.4 million in sales in its quarter that ended Jan. 31, versus $820.4 million in the comparable period a year earlier. Analysts had predicted $822 million for the latest period.
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