Synopsys Q2 2024 Adj EPS $3.00 Misses $3.03 Estimate, Sales $1.455B Miss $1.519B Estimate
Portfolio Pulse from Benzinga Newsdesk
Synopsys (NASDAQ:SNPS) reported Q2 2024 adjusted EPS of $3.00, missing the analyst estimate of $3.03. The company also reported sales of $1.455 billion, falling short of the $1.519 billion estimate. Despite the misses, sales increased by 4.30% year-over-year.
May 22, 2024 | 8:06 pm
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Synopsys reported Q2 2024 adjusted EPS of $3.00, missing the analyst estimate of $3.03. The company also reported sales of $1.455 billion, falling short of the $1.519 billion estimate. Despite the misses, sales increased by 4.30% year-over-year.
The earnings and sales misses are likely to negatively impact the stock price in the short term, despite the year-over-year sales growth. Investors often react strongly to earnings reports that miss expectations.
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