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Benzinga

Business

Dylan Berman

Synopsys Shares Are Trading Lower Wednesday: What's Going On?

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Synopsys, Inc. (NASDAQ:SNPS) shares are trading lower Wednesday after the company reported worse-than-expected financial results and issued fourth quarter adjusted earnings per share guidance below estimates on Tuesday after the market closed. Also, the company cut its fiscal-year 2025 adjusted earnings per share guidance below estimates.

What To Know: Synopsys reported adjusted earnings per share of $3.39, missing the consensus estimate of $3.74. In addition, the company reported sales of $1.73 billion, missing the consensus estimate of $1.76 billion, but representing a 14% year-over-year increase.

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