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 $1.81 on revenue of $1.06B. Analysts polled by Investing.com anticipated EPS of $1.78 on revenue of $1.05B.
Synopsys shares are up 23% from the beginning of the year and are trading at $290.54 , down-from-52-week-high.They are outperforming the Dow Jones which is up 14.23% from the start of the year.
Synopsys follows other major Technology sector earnings this month
Synopsys's report follows an earnings beat by Apple on Tuesday, July 27, 2021, who reported EPS of $1.3 on revenue of $81.43B, compared to forecasts EPS of $1.01 on revenue of $73.33B.
Alphabet C had beat expectations on Tuesday, July 27, 2021 with second quarter EPS of $27.26 on revenue of $61.88B, compared to forecast for EPS of $19.33 on revenue of $56.19B.
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