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Synopsys Stock Tumbles As Chip Design Software Firm Misses Estimates
Investors· 2025-09-09 21:50
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 $3.39 a share on sales of $1.74 billion in the quarter ended July 31. Analysts polled by FactSet had expected earnings of $3.80 a share on sales of $1.77 billion. In the year earlier period, Synopsys earned ...