Summary
This Form 8-K filing from Synopsys, Inc. (SNPS) dated January 10, 2005, primarily serves to announce a correction to the company's previously disclosed target for full-year fiscal 2005 GAAP earnings per share. This correction was initially mentioned in their December 1, 2004 earnings release and is being formally updated here. Additionally, the filing provides updated financial targets for the first quarter of fiscal 2005. Investors should refer to the press release filed as Exhibit 99.1 for the specific details of these financial adjustments. This report indicates a proactive approach by Synopsys in communicating material changes to its financial outlook to the market.
Key Highlights
- 1Synopsys, Inc. announced a correction to its full-year fiscal 2005 GAAP earnings per share target.
- 2The correction amends information previously provided in the December 1, 2004 earnings release.
- 3The company also updated its financial targets for the first quarter of fiscal 2005.
- 4A press release detailing these financial updates is filed as Exhibit 99.1 to this Form 8-K.
- 5The event date reported is January 9, 2005, with the filing date being January 10, 2005.
Frequently Asked Questions
The main purpose of this 8-K filing is to formally announce a correction to Synopsys' target for full-year fiscal 2005 GAAP earnings per share and to provide updated financial targets for the first quarter of fiscal 2005.
The specific details of the corrected full-year fiscal 2005 GAAP earnings per share target and the updated first quarter of fiscal 2005 financial targets are provided in the press release filed as Exhibit 99.1 to this Form 8-K.
The original target for full-year fiscal 2005 GAAP earnings per share was disclosed in Synopsys' earnings release dated December 1, 2004.
The event date of January 9, 2005, indicates when the correction and update were communicated or decided upon by the company, prior to the official filing on January 10, 2005.