Synopsys (SNPS) Q3 Earnings Beat Estimates, Revenues Rise Y/Y
SNPSSynopsys(SNPS) ZACKS·2024-08-22 23:20

Synopsys (SNPS) reported better-than-expected earnings for the third quarter of fiscal 2024. The company’s fiscal third-quarter non-GAAP earnings per share (EPS) of 3.43surpassedtheZacksConsensusEstimateof3.43 surpassed the Zacks Consensus Estimate of 3.28. The bottom line improved 27% year over year, primarily driven by higher revenues and better cost management.Revenues jumped 13% year over year to $1.53 billion and came in line with the Zacks Consensus Estimate. The top line was driven by growth across multiple business segments.Synopsys' re ...