Synopsys beat Q4 expectations, but weak guidance caused stock to drop over 4%.

From Investing.com: 2024-12-04 16:16:24

Synopsys reported strong fiscal fourth-quarter results, with adjusted EPS of $3.40 on revenue of $1.64 billion, beating estimates. However, softer guidance for Q1 caused the stock to fall over 4% in afterhours trading. The company forecasted adjusted EPS of $2.77 to $2.82 on revenue of $1.44B to $1.47B for Q1, below analyst expectations. Full-year guidance also fell short, with adjusted EPS projected in a range of $14.88 to $14.96 on revenue of $6.75B to $6.81B, missing estimates.



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