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Stock impact report

Synopsys Gains After Earnings Beat by Chip-Design-Software Maker [TheStreet.com]

Synopsys, Inc. (SNPS) 
Last synopsys, inc. earnings: 2/19 04:05 pm Check Earnings Report
Company Research Source: TheStreet.com
Synopsys Gains After Earnings Beat by Chip-Design-Software Maker Shares of Synopsys ( SNPS Get Report Synopsys's stock price recently was 4.5% up at $137.80. For the fiscal third quarter ended July 31, earnings were 65 cents a share versus 52 cents. Adjusted earnings for the latest period were $1.18 a share, beating the $1.10 estimate of analysts surveyed by Zacks Investment Research. In the year-earlier period the Mountain View, Calif., company earned an adjusted 95 cents a share. It is the third time in the past four quarters that Synopsys has beat analyst estimates. The tech firm, whose software is used to design and test chips, generated revenue of $853 million for the quarter, 2.8% more than the estimate of analysts polled by Zacks. It also represented a 9.4% increase over the year-earlier quarter, when Synopsys reported $779.1 million in revenue. "Despite the uncertain geopolitical and economic backdrop, global design activity and customer engagements are thriving," Aart de Geus Show less Read more
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