The Ratings Game: Synopsys stock rises as chip-design company’s earnings, outlook top Street view

by | Aug 16, 2023 | Stock Market

Synopsys Inc. shares rose in the extended session Wednesday after the chip-design verification and automation company topped Wall Street earnings expectations and named a new chief executive. Synopsys SNPS shares rose as much as 3% after hours, following a 2% decline in the regular session to close at $428.21. At Wednesday’s close, shares are up 34% year to date, compared with a 15% gain by the S&P 500 index SPX. Along…

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Synopsys Inc. shares rose in the extended session Wednesday after the chip-design verification and automation company topped Wall Street earnings expectations and named a new chief executive. Synopsys SNPS shares rose as much as 3% after hours, following a 2% decline in the regular session to close at $428.21. At Wednesday’s close, shares are up 34% year to date, compared with a 15% gain by the S&P 500 index SPX. Along…

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