This post was originally published on this site
Shares were up 2.7% in extended trading, after the California-based company also forecast fourth-quarter revenue above Wall Street estimate as artificial intelligence (AI) innovations fueled demand for custom semiconductor design.
Synopsys (NASDAQ:SNPS) expects fourth-quarter revenue to be in the range of $1.57 billion to $1.60 billion, the mid-point of which is above market estimate of $1.57 billion, according to Refinitiv data.
