Key Takeaways
- Synopsys stock has fallen more than any other S&P 500 component Thursday after the company reported fiscal fourth-quarter results.
- The chip design software maker's fiscal 2025 outlook was below the analyst consensus compiled by Visible Alpha.
- The company's shares are now about flat for the year.
Synopsys (SNPS) shares tumbled after the chip design software maker posted a disappointing f🌌orecast for it🉐s coming fiscal year late Wednesday.
The company called for full-year revenue of $6.75 billion to $6.81 billion, below the analyst consensus of roughly $6.9 billion from Visible Alpha. Its 澳洲幸运5官方开奖结果体彩网:earnings per share (EPS) projection oꦓf $10.42 to $10.63 was well short of the roughly $11.20 consensus.&ꦡnbsp;
𒉰 Synopsys stock leꦜd all S&P 500 components lower Thursday, falling more than 10% intraday. The drop has Synopsys roughly flat for the year so far.
In the fiscal fourth quarte♋r, Synopsys reported revenue of $1.64 billion, up 11% year-over-year and slightly above expectations. EPS was $7.14, up from $2.26 a year earlier and above the analysts consensus.
The company said its planned 澳洲幸运5官方开奖结果体彩网:$35 billion acquisition of simulation software company Ansys (ANSS) is expected to close in the first half of 2025. ඣShares of Ansys wer♎e recently down about 5%.