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flag Synopsys reports Q3 earnings and revenue below forecasts, stock drops despite long-term growth optimism.

flag Synopsys, a chip design software company, reported third-quarter earnings below Wall Street forecasts, with a revenue of $1.74 billion and adjusted earnings of $3.39 per share. flag The company missed revenue and earnings targets due to underperformance in its IP business, impacted by new export restrictions in China and challenges with a major foundry customer. flag Despite the shortfall, Synopsys remains optimistic about its long-term growth with the recent acquisition of Ansys and expects a record revenue year. flag The company's stock fell after the report.

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