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Synopsys Inc. (SNPS) Is Rising After Q3 Profit Topped Expectations

Synopsys Inc. (SNPS) reported third quarter EPS of $0.95 after the bell Wednesday, which topped the consensus estimate of $0.92. The stock is now up 2.33 on 69K shares.

Synopsys climbed during the second half of the morning Wednesday and took out the session highs late in the afternoon. The stock closed up by 0.75 at $94.67. Synopsys closed challenging the highs of the year, trading at nearly an 8-month high.

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