Synopsys, Inc. (SNPS - Get Report) is expected to report quarterly earnings of $1.10 a share on sales of $829.4 million after the market closes on Wednesday, based on a FactSet survey of 8 analysts.

In the same period a year ago the company posted earnings of $1.08 a share on sales of $776.8 million.

The stock has risen 17.9% since the company last reported earnings on Feb. 20.

Quarterly estimates have fallen less than 1 cent a share in the past month.

Synopsys is currently trading at a price-to-forward-earnings ratio of 25.1 based on the 12-month estimates of 9 analysts surveyed by FactSet.

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