Withi
Within the newest buying and selling session, Synopsys (SNPS) closed at $140.62, marking a +0.39% transfer from the day gone by. This modification outpaced the S&P 500’s 0% on the day. Elsewhere, the Dow gained 0.08%, whereas the tech-heavy Nasdaq misplaced 0.18%.
Previous to at this time’s buying and selling, shares of the maker of software program used to check and develop chips had misplaced 1.2% over the previous month. This has lagged the Pc and Know-how sector’s acquire of 4.19% and the S&P 500’s acquire of three.37% in that point.
SNPS can be trying to show power because it nears its subsequent earnings launch. On that day, SNPS is projected to report earnings of $0.92 per share, which might characterize a year-over-year decline of 14.81%. In the meantime, our newest consensus estimate is asking for income of $822.30 million, up 0.23% from the prior-year quarter.
For the complete yr, our Zacks Consensus Estimates are projecting earnings of $5.22 per share and income of $3.62 billion, which might characterize modifications of +14.47% and +7.85%, respectively, from the prior yr.
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