Synopsys Q3 EPS $2.88 Beats $2.74 Estimate, Sales $1.49B Beat $1.48B Estimate
Portfolio Pulse from Benzinga Newsdesk
Synopsys (NASDAQ:SNPS) reported Q3 earnings of $2.88 per share, beating the analyst consensus estimate of $2.74 by 5.11%. This is a 37.14% increase from the same period last year. The company also reported quarterly sales of $1.49 billion, beating the analyst consensus estimate of $1.48 billion by 0.47%. This is a 19.25% increase from the same period last year.
August 16, 2023 | 8:07 pm
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POSITIVE IMPACT
Synopsys reported better than expected Q3 earnings and sales, which could positively impact its stock price.
Synopsys reported Q3 earnings and sales that beat analyst estimates. This is generally seen as positive news for the company and could lead to an increase in its stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100