S&P 500 Gains and Losses Today: Synopsys Sinks as China Restrictions Hurt Outlook [Yahoo! Finance]
Synopsys, Inc. (SNPS)
Last synopsys, inc. earnings: 2/19 04:05 pm
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Source: Yahoo! Finance
Synopsys shares tumbled as U.S. restrictions on chipmaking exports to China weighed on the electronic design firm's 2025 outlook. Alcoholic beverage maker Brown-Forman topped quarterly estimates on strong whiskey demand, and its shares surged. Major U.S. equities indexes hovered near record levels in Thursday trading before closing lower ahead of Friday morning's employment report. The S&P 500 slipped 0.2%, ending a streak of four straight all-time closing highs. The Nasdaq and the Dow were down 0.2% and 0.6%, respectively, also receding from record levels. Synopsys ( SNPS ) shares plunged 12.4%, the steepest loss of any stock in the S&P 500 . Although the electronic design automation company topped quarterly revenue and profit estimates, its fiscal 2025 sales outlook came in below expectations, reflecting pressure on its China business as the U.S. implements new restrictions on the export of semiconductor technology. Shares of fellow electronic design software maker Cadence
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News
- Synopsys Responds to U.K. Competition and Markets Authority's Phase 1 Announcement Regarding Ansys Acquisition [Yahoo! Finance]Yahoo! Finance
- Synopsys Responds to U.K. Competition and Markets Authority's Phase 1 Announcement Regarding Ansys AcquisitionPR Newswire
- SR Inc Announces 2024 SBER Awards: Top Honors Go to Synopsys, Nell Triplett of Juniper Networks, and IDEXXGlobeNewswire
- Black Duck Welcomes New CIO, CISO in Latest Executive Expansion Moves [Yahoo! Finance]Yahoo! Finance
- Synopsys and SiMa.ai Announce Strategic Collaboration to Accelerate Development of Automotive Edge AI Solutions [Yahoo! Finance]Yahoo! Finance
SNPS
Earnings
- 12/4/24 - Beat
SNPS
Sec Filings
- 12/20/24 - Form 4
- 12/20/24 - Form 4
- 12/20/24 - Form 4
- SNPS's page on the SEC website