These Analysts Slash Their Forecasts On Synopsys Following Downbeat Q3 Results - Synopsys (NASDAQ:SNPS)

Synopsys, Inc. SNPS posted weaker-than-expected results for its third quarter after Tuesday’s closing bell.Synopsys reported adjusted earnings of $3.39 per share, which missed the Street estimate of $3.74. Quarterly revenue came in at $1.73 billion, which missed the consensus estimate of $1.76 billion and is up from revenue of $1.52 billion for the third quarter of fiscal year 2024.“Q3 was a transformational quarter. Against a challenging geo-political backdrop, we closed the Ansys acquisition – expanding o ...