Synopsys slides as weak Q3 results, forecast weigh on shares

8 hours ago 2
Synopsys corporate headquarters in Silicon Valley

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Synopsys (NASDAQ:SNPS) shares tumbled 10.5% in extended trading on Tuesday after the electronic design automation software reported weaker-than-expected fiscal third-quarter results and guidance.

For the period ending July 31, Synopsys said it earned an adjusted $3.39 per share as revenue rose 14% year-over-year

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