Synopsys Q3 Earnings and Revenues Miss Estimates, Stock Plunges 22%

Key Takeaways SNPS Q3 EPS of $3.39 missed estimates and fell 1.2% Y/Y.Q3 revenues rose 14% Y/Y to$ 1.74B, but lagged the consensus estimate of $1.77B.FY25 EPS outlook cut to$ 12.76- $12.80 from$ 15.11- $15.19.Synopsys’ (SNPS) shares plunged 22% during yesterday’s extended trading session after it reported results for the third quarter of fiscal 2025, missing both top and bottom-line consensus estimates. The company reported non-GAAP earnings of$ 3.39 per share for the fiscal third quarter, missing the Zacks C ...