Synopsys Likely To Report Lower Q2 Earnings; These Most Accurate Analysts Revise Forecasts Ahead Of Earni

Synopsys, Inc. (NASDAQ:SNPS) will release earnings for its second quarter after the closing bell on Wednesday, May 27.

Analysts expect the Sunnyvale, California-based company to report quarterly earnings of $3.16 per share, down from $3.67 per share in the year-ago period. The consensus estimate for Synopsys' quarterly revenue is $2.25 billion (it reported $1.6 billion last year), according to Benzinga Pro.

On March 10, Synopsys announced the launch of the Synopsys Electronics Digital Twin (eDT) Platform, an open platform designed to accelerate the development of software-defined products and physical AI systems.

Synopsys shares gained 1.9% to close at $534.56 on Tuesday.

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