Investing.com - Synopsys (NASDAQ:SNPS) reported on Wednesday first quarter earnings that missed analysts' forecasts and revenue that topped expectations.
Synopsys announced earnings per share of $1.01 on revenue of $834.4M. Analysts polled by Investing.com anticipated EPS of $1.2 on revenue of $821.56M. That with comparison to EPS of $1.08 on revenue of $820.4M in the same period a year before.Synopsys had reported EPS of $1.15 on revenue of $851.08M in the previous quarter.Analysts are expecting EPS of $1.25 and revenue of $843.79M in the upcoming quarter.
Synopsys shares are up 18.74% from the beginning of the year and are trading at $165.00 , down-from-52-week-high.They are outperforming the Nasdaq 100 which is up 10.41% year to date.
Synopsys shares lost 0.18% in after-hours trade after the report.
Synopsys follows other major Technology sector earnings this month
Synopsys's report follows an earnings beat by Microsoft on Wednesday, January 29, 2020, who reported EPS of $1.51 on revenue of $36.91B, compared to forecasts EPS of $1.05 on revenue of $32,512M.
Apple had beat expectations on Tuesday, January 28, 2020 with first quarter EPS of $4.99 on revenue of $91.82B, compared to forecast for EPS of $4.54 on revenue of $88.51B.
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