Synopsys Guidance ‘Haircut’ Spooks Investors

By | August 20, 2015

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Investors clearly disagreed Thursday with Synopsys (SNPS) CFO Trac Pham, who late Wednesday likened the company’s three-penny trim of 2015 earnings guidance to “a deferred haircut.” Synopsys closed down 7% in the stock market today at 48.60, though shares regained a little after hours. During the company’s Q3 earnings conference call, Pham attributed the EPS haircut to four hefty acquisitions in Q3 expected to remain dilutive in 2016. Synopsys Scalper1 News

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