Synopsys Q3 2024 Adj. EPS $3.43 Beats $3.28 Estimate, Sales $1.526B Beat $1.519B Estimate
Portfolio Pulse from Benzinga Newsdesk
Synopsys reported Q3 2024 earnings per share of $3.43, surpassing the analyst estimate of $3.28. The company's sales were $1.526 billion, also beating the expected $1.519 billion. This marks a 2.62% increase from the previous year's sales.
August 21, 2024 | 8:06 pm
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POSITIVE IMPACT
Synopsys reported better-than-expected Q3 2024 earnings and sales, with EPS of $3.43 beating the $3.28 estimate and sales of $1.526B surpassing the $1.519B estimate. This performance indicates strong financial health and growth.
The earnings and sales figures both exceeded analyst expectations, which is typically a positive indicator for stock performance. The 2.62% increase in sales from the previous year further supports a positive outlook.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100