Synopsys (SNPS) Q3 Earnings Beat Estimates, Revenues Rise Y/Y

Synopsys (SNPS) reported better-than-expected earnings for the third quarter of fiscal 2024. The company's fiscal third-quarter non-GAAP earnings per share (EPS) of $3.43 surpassed the Zacks Consensus Estimate of $3.28. The bottom line improved 27% year over year, primarily driven by higher revenues and better cost management. Revenues jumped 13% year over year to $1.53 billion and came in line with the Zacks Consensus Estimate. The top line was driven by growth across multiple business segments. Synopsys' ...