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Synopsys, Inc. stock price
Synopsys, Inc. latest news:
BRIEF-Synopsys to repatriate $775 mln to $850 mln of international cash
Synopsys Inc(SNPS) - * Synopsys (SNPS) to repatriate $775-$850 million of international cash. * Board of directors has approved plan to repatriate approximately $775 to $850 million of cash currently held offshore during Q4. * Related tax payment of approximately $40 to $50 million is expected to be paid in first half of fiscal year 2018.
Synopsis shares slide after in-line quarterly earnings
Synopsys Inc. shares declined in the extended session Wednesday even after the software company's quarterly results fell within Wall Street expectations and its outlook was slightly above the consensus view. Synopsys shares fell 3.2% to $76.56 after hours. The company reported fiscal third-quarter net income of $116.6 million, or 75 cents a share, compared to $64.7 million, or 42 cents a share, in the year-ago period. Adjusted earnings were 92 cents a share. Revenue rose to $695.4 million from $615.2 million in the year-ago period. Analysts surveyed by FactSet had estimated 92 cents a share on revenue of $691.2 million. For the fiscal fourth quarter, Synopsys estimates adjusted earnings of 55 cents to 58 cents a share on revenue of $642 million to $657 million. Analysts expect earnings of 55 cents a share on revenue of $639.8 million.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
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