US Stocks Move｜Synopsys rises over 6% as Q3 results beat expectations and full-year guidance is raised

Glonghui, August 27｜Synopsys (SNPS.US) rose more than 6% to $435.06. On the news front, Synopsys’ third-quarter revenue increased 42% year-on-year to $2.48 billion, better than analysts’ average expectation of $2.44 billion. Adjusted net profit was $750 million, up 37% year-on-year, and adjusted earnings per share were $3.91, exceeding analysts’ average expectation of $3.67. The company raised its full-year performance guidance, expecting revenue to be between $9.69 billion and $9.74 billion, and adjusted earnings per share to be between $15.04 and $15.10, both higher than expected.