Synopsys Earnings, Revenue Beat in Q4

Synopsys Earnings, Revenue Beat in Q4

© Reuters.  Synopsys Earnings, Revenue Beat in Q4 © Reuters. Synopsys Earnings, Revenue Beat in Q4

Investing.com – Synopsys (NASDAQ:SNPS) reported on Wednesday fourth quarter earnings that beat analysts' forecasts and revenue that topped expectations.

Synopsys announced earnings per share of $1.58 on revenue of $1.03B. Analysts polled by Investing.com anticipated EPS of $1.56 on revenue of $1.02B.

Synopsys shares are up 61.34% from the beginning of the year, still down 8.93% from its 52 week high of $246.59 set on November 9. They are outperforming the Nasdaq which is up 37.63% from the start of the year.

Synopsys follows other major Technology sector earnings this month

Synopsys's report follows an earnings beat by NVIDIA on November 18, who reported EPS of $2.91 on revenue of $4.73B, compared to forecasts EPS of $2.58 on revenue of $4.42B.

Salesforce.com had beat expectations on Tuesday with third quarter EPS of $1.74 on revenue of $5.42B, compared to forecast for EPS of $0.747 on revenue of $5.25B.

Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar

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