Synopsys Sees FY24 Adj. EPS $12.90-$12.98 vs $13.42 Est., Revenue $6.09B-$6.15B vs $6.46B Est.
Portfolio Pulse from Benzinga Newsdesk
Synopsys has provided its financial guidance for FY24, projecting adjusted EPS between $12.90 and $12.98, which is below the estimated $13.42. The company also expects revenue between $6.09 billion and $6.15 billion, falling short of the estimated $6.46 billion.
May 22, 2024 | 8:08 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Synopsys has issued a financial guidance for FY24 that falls short of market expectations. The company projects adjusted EPS between $12.90 and $12.98, below the estimated $13.42. Revenue is expected to be between $6.09 billion and $6.15 billion, also missing the estimated $6.46 billion.
The financial guidance provided by Synopsys for FY24 is below market expectations for both adjusted EPS and revenue. This is likely to negatively impact the stock price in the short term as investors react to the lower-than-expected projections.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100