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The Ratings Game: Synopsys stock rises as chip-design company’s earnings, outlook top Street view

The Ratings Game

Current president and COO Sassine Ghazi to become CEO on Jan. 1

Synopsys reported fiscal third-quarter earnings Wednesday.


Synopsys Inc. shares rose in the extended session Wednesday after the chip-design verification and automation company topped Wall Street earnings expectations and named a new chief executive.

Synopsys SNPS shares rose about 2% after hours, following a 2% decline in the regular session to close at $428.21. At Wednesday’s close, shares are up 34% year to date, compared with a 15% gain by the S&P 500 index SPX.


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