FTSE 100: Index falls as earnings results weigh; pound below $1.33, Bodycote soars
Investing.com -- Today, Synopsys, Inc. (NASDAQ:SNPS) announced the suspension of its financial guidance for the third quarter and the full fiscal year of 2025. This decision comes after the company received a letter from the Bureau of Industry and Security of the U.S. Department of Commerce on May 29, 2025, outlining new export restrictions related to China. Synopsys is in the process of assessing the potential impact of these new restrictions on its business, operating results, and financial condition.
Prior to the suspension, Synopsys had projected its revenue for the third quarter to be between $1.755 billion and $1.785 billion, with non-GAAP earnings per share expected to range from $3.82 to $3.87. The company had also reaffirmed its full-year 2025 revenue guidance of $6.745 billion to $6.805 billion.
The announcement of the guidance suspension comes on the heels of the company’s recent financial results for the second fiscal quarter, which ended on April 30, 2025. Synopsys reported adjusted earnings per share of $3.67, surpassing analyst estimates of $3.39. The company’s revenue reached $1.604 billion, a slight increase over the consensus estimate of $1.6 billion and a 10.2% year-over-year increase from $1.455 billion in the same quarter last year.
Despite the strong earnings report, Synopsys’ stock experienced a 1.7% drop today. The company is currently working to understand the potential implications of the new export restrictions and has put its previous financial guidance on hold until further notice.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.