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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 3.39pershare,whichmissedtheStreetestimateof3.39 per share, which missed the Street estimate of 3.74. Quarterly revenue came in at 1.73billion,whichmissedtheconsensusestimateof1.73 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 ...