* Q4 adj EPS $0.33 vs est $0.32
* Q4 rev $338.3 mln vs est $339.4 mln
* Sees Q1 results below Street
* Shares down 9 pct
Dec 2 (Reuters) - Chip design software maker Synopsys Inc (SNPS.O) posted a steep drop in quarterly profit and gave a cloudy forecast for the first quarter and the full year, sending its shares down 9 percent in extended trading.
For the first quarter, the company expects adjusted earnings of 38 cents to 40 cents a share, on revenue of $325 million to $333 million. [ID:nWNAB1537]
Analysts were expecting earnings of 41 cents a share, on revenue of $332.8 million for the period, according to Thomson Reuters I/B/E/S.
Net income for the fourth quarter was $19.5 million, or 13 cents a share, compared to $46.4 million, or 32 cents a share, in the year-ago period. Excluding certain items, the company earned 33 cents a share.
Revenue fell about 4 percent to $338.3 million.
Analysts had expected a profit of 32 cents a share, on revenue of $339.4 million.
Late October, the company’s biggest rival in the electronic design automation market, Cadence Design Systems Inc (CDNS.O), posted a surprise quarterly profit driven by lower expenses.
Shares of the Mountain View, California-based company were down $1.87 at $20.65 in trading after the bell. The shares closed at $22.52 Wednesday on Nasdaq. (Reporting by Sudipto Ganguly in Bangalore; Editing by Saumyadeb Chakrabarty)