Synopsys Gives Positive View On 2014, But Challenges

By | December 5, 2013

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Synopsys (SNPS) stock rose Thursday, after the maker of software used to design chips late Wednesday gave a short-term outlook that lagged Wall Street expectations but its longer-term outlook beat. For its fiscal Q1 ending Jan. 31, Synopsys sees revenue of $475 million to $485 million, below analyst consensus estimates of $504.3 million. The company expects EPS minus items of 51 cents to 53 cents, where analysts had expected 62 cents. “While we Scalper1 News

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