Investing.com - Synopsys (NASDAQ:SNPS) reported on Wednesday third quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Synopsys announced earnings per share of $1.74 on revenue of $964.1M. Analysts polled by Investing.com anticipated EPS of $1.34 on revenue of $894.12M.
Synopsys shares are up 42.44% from the beginning of the year and are trading at $198.50 , down-from-52-week-high.They are outperforming the S&P 500 which is up 4.51% from the start of the year.
Synopsys shares gained 0.12% in after-hours trade after the report.
Synopsys follows other major Technology sector earnings this month
Synopsys's report follows an earnings beat by Apple on Thursday, July 30, 2020, who reported EPS of $2.58 on revenue of $59.69B, compared to forecasts EPS of $2.05 on revenue of $52.29B.
Microsoft had beat expectations on Wednesday, July 22, 2020 with fourth quarter EPS of $1.46 on revenue of $38.03B, compared to forecast for EPS of $1.34 on revenue of $36.54B.
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