Synopsys (SNPS) Lags Q3 Earnings and Revenue Estimates

Synopsys (SNPS) came out with quarterly earnings of $3.39 per share, missing the Zacks Consensus Estimate of $3.84 per share. This compares to earnings of $3.43 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -11.72%. A quarter ago, it was expected that this maker of software used to test and develop chips would post earnings of $3.39 per share when it actually produced earnings of $3.67, delivering a surprise of +8.26%.Over t ...