Synopsys Stock Tumbles As Chip Design Software Firm Misses Estimates
BREAKING: Futures Rise After Oracle Fuels AI Rally Electronic design automation firm Synopsys (SNPS) late Tuesday badly missed Wall Street's targets for its fiscal third quarter and offered mixed guidance. Synopsys stock dropped in extended trading. The Sunnyvale, Calif.-based company earned an adjusted 1.74 billion in the quarter ended July 31. Analysts polled by FactSet had expected earnings of 1.77 billion. In the year earlier period, Synopsys earned ...