Synopsys Forecasts Revenue Above Analyst Expectations
Synopsys projected second-quarter revenue above estimates despite China export curbs. Shares fell 5% after hours as it manages debt from its Ansys acquisition.
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Synopsys, Inc. issued a second-quarter revenue forecast on Wednesday that exceeded investor expectations, signaling resilience even as the chip design software provider contends with export restrictions in China and broader economic headwinds. Despite the positive outlook, the company's shares dropped more than 5% during extended hours of trading.
