Why Synopsys Stock Popped, Then Dropped
Synopsys is doing great -- but its non-GAAP earnings aren't quite as good as they look.
Overview
Synopsys (NASDAQ: SNPS) stock, which makes design and simulation software for pre-production work on semiconductors, jumped nearly 5% in early trading Thursday before reversing and giving back most of its gains. As of 11:15 a.m. ET, Synopsys is up only 1%.
But why did it pop in the first place at all?
Image source: Getty Images.
Details
Source
Originally published at www.fool.com.
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Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.