Why Synopsys Stock Jumped on Thursday

Why Synopsys Stock Jumped on Thursday

Shares of semiconductor design and testing software company Synopsys (NASDAQ: SNPS) popped on Thursday. The stock's sharp increase was due primarily to Synopsys' fiscal second-quarter earnings report, which featured better-than-expected revenue and adjusted earnings per share as well as a strong outlook. Adjusted earnings per share of $2.50 improved from $1.70 in the year-ago period.