🔴 Synopsys is trading 5.6% down in after-hours trading despite earnings beat and raised forecast

Synopsys is trading at $387.20 (-5.56%) in after-hours trading after investors looked past its earnings beat and raised annual forecast.

• Fiscal Q3 revenue reached $2.48 billion and non-GAAP earnings $3.91 per share, beating estimates of $2.44 billion and $3.67
• The annual forecast was raised, supported by AI demand and Ansys contributions
• Broad indexes were essentially flat on August 26, limiting market-wide explanations