
Synopsys, Inc. (NASDAQ:SNPS) posted weaker-than-expected results for its third quarter after Tuesday’s closing bell.
Synopsys reported adjusted earnings of $3.39 per share, which missed the Street estimate of $3.74. Quarterly revenue came in at $1.73 billion, which missed the consensus estimate of $1.76 billion and is up from revenue of $1.52 billion for the third quarter of fiscal year 2024.