Synopsys Sees Q3 Adj. EPS $3.25-$3.30 vs $3.22 Est., Revenue $1.505B-$1.535B vs $1.58B Est.
Portfolio Pulse from Benzinga Newsdesk
Synopsys has released its Q3 financial guidance, projecting adjusted EPS between $3.25 and $3.30, which is above the estimated $3.22. However, the company expects revenue to be between $1.505 billion and $1.535 billion, which is below the estimated $1.58 billion.
May 22, 2024 | 8:07 pm
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Synopsys' Q3 guidance shows higher-than-expected adjusted EPS but lower-than-expected revenue. This mixed outlook may lead to short-term volatility in the stock price.
The higher-than-expected EPS is a positive indicator, but the lower-than-expected revenue could offset this, leading to mixed market reactions. Investors may react to the positive EPS but be cautious due to the revenue shortfall.
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