© Reuters. Synopsys Earnings, Revenue Beat in Q1
Synopsys announced earnings per share of $1.52 on revenue of $970.3M. Analysts polled by Investing.com anticipated EPS of $1.47 on revenue of $958.48M.
Synopsys shares are up 9.44% from the beginning of the year, still down 5.68% from its 52 week high of $300.77 set on February 16. They are outperforming the Nasdaq which is up 8.36% 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 January 27, who reported EPS of $1.68 on revenue of $111.44B, compared to forecasts EPS of $1.42 on revenue of $103.27B.
Microsoft had beat expectations on January 26 with second quarter EPS of $2.03 on revenue of $43.08B, compared to forecast for EPS of $1.64 on revenue of $40.22B.
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