Synopsys stock tanks 19% on weak results, China woes
Synopsys shares plunged nearly 19% in after-hours trade after Q3 earnings missed estimates and guidance disappointed. EPS came in at $3.39 versus $3.75 expected, while China export curbs and foundry troubles hurt its IP business. Revenue rose 14% YoY to $1.74B, but fell short of forecasts. The stock faces its worst day since 2004 despite being up 25% YTD.