Synopsys Q4 Earnings Beat Estimates, Stock Dips 7% on Weak Guidance
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Synopsys reported strong Q4 earnings, surpassing estimates with significant growth in revenue and profit across various business segments. However, the stock fell by 7% due to weak future guidance.
December 05, 2024 | 4:00 pm
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Synopsys reported strong Q4 earnings, exceeding expectations with growth in revenue and profit. Despite this, the stock fell 7% due to weak guidance for future performance.
The strong Q4 earnings report was overshadowed by weak guidance, leading to a 7% drop in stock price. Investors are likely concerned about future performance despite current growth.
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IMPORTANCE 90
RELEVANCE 100