Synopsys Earnings, Revenue Beat in Q3
2022.08.17 23:29
Synopsys Earnings, Revenue Beat in Q3
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 $2.1 on revenue of $1.25B. Analysts polled by Investing.com anticipated EPS of $1.99 on revenue of $1.21B.
Synopsys shares are up 3.39% from the beginning of the year, still down 2.60% from its 52 week high of $391.17 set on August 15. They are outperforming the Nasdaq which is down 17.3% from the start of the year.
Synopsys shares gained 2.33% in after-hours trade following the report.
Synopsys follows other major Information Technology sector earnings this month
Synopsys’s report follows an earnings beat by Apple on July 28, who reported EPS of $1.2 on revenue of $82.96B, compared to forecasts EPS of $1.16 on revenue of $82.79B.
Microsoft had missed expectations on July 26 with fourth quarter EPS of $2.23 on revenue of $51.87B, compared to forecast for EPS of $2.29 on revenue of $52.38B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com’s earnings calendar
