05:25 AM EST, 12/05/2024 (MT Newswires) -- (Updates with the stock move in the headline and the first paragraph.)

Synopsys ( SNPS ) shares were down 7.5% in premarket activity Thursday after the company's beat on fiscal Q4 results failed to outweigh its underwhelming guidance for the next quarter and the full year.

The company reported fiscal Q4 non-GAAP earnings late Wednesday of $3.40 per diluted share, up from $3 a year earlier.

Analysts polled by FactSet expected $3.30, excluding certain items.

Revenue in the quarter ended Oct. 31 rose to $1.64 billion from $1.47 billion a year earlier.

Analysts surveyed by FactSet expected $1.63 billion.

The company expects fiscal Q1 non-GAAP EPS of $2.77 to $2.82 on revenue of $1.44 billion to $1.47 billion.

Analysts polled by FactSet expect EPS of $3.52 and revenue of $1.64 billion.

For fiscal 2025, the company expects non-GAAP EPS of $14.88 to $14.96 on revenue of $6.75 billion to $6.81 billion.

Analysts surveyed by FactSet expect EPS of $14.89 and revenue of $6.90 billion.