Investing.com - Synopsys 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 , still down 3.14% from its 52 week high of $204.69 set on Thursday, July 9, 2020. They are outperforming the S&P 500 which is up 4.51% year to date.
Synopsys shares gained 0.12% in after-hours trade 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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