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
Synopsys (SNPS) late Wednesday delivered better-than-expected earnings and roughly in-line revenue for its fiscal fourth quarter ended Oct. 31. Also, its outlook for the current fiscal year exceeded views as the company looks to boost its business of providing engineers with software used to design, develop and test semiconductor chips. Synopsys stock rose nearly 4% in morning trading in the stock market today. In the quarter, Synopsys reported
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