Synopsys Earnings, Revenue Beat in Q3 By Investing.com
© Reuters. Synopsys Earnings, Revenue Beat in Q3
Investing.com – Synopsys (NASDAQ:) reported on Wednesday third quarter 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, still down 3.40% from its 52 week high of $300.77 set on February 16. 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 July 27, 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 July 27 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.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com’s earnings calendar
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