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Synopsys Earnings Beat, Revenue Inline In Q1 -Breaking

by Mike Robinson

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© Reuters. Synopsys Earnings Beat, Revenue Inline In Q1

Synopsys (NASDAQ) – Investing.com reported Wednesday that the first quarter ended in line with analysts’ expectations and that revenue exceeded forecasts.

Synopsys posted earnings per share (EPS) of $2.4 on $1.27B in revenue. Investing.com polled analysts and predicted EPS at $2.38 for revenue $1.27B.

Synopsys shares have fallen 16.75% since the start of the year. However, they are still 18.75% below their 52-week high of $377.60 on December 28, 2021. They outperform the Nasdaq by 9.72%, down from its start in the year.

After-hours trading for Synopsys stock rose by 0.39% following the release.

Synopsys is following other important earnings in the Information Technology sector this month

Synopsys reports on an Apple earnings beat on January 27th, where they reported EPS $2.1 on revenue $123.95B. This compares to the forecasts of EPS $1.9 on revenue $119B.

Microsoft beat all expectations with a second quarter earnings per share of $2.48 on $51.73B in revenue, as compared to the forecast of EPS at $2.32 for $50.74B.

You can keep up-to date on the latest earnings reports by visiting Investing.com’s earnings calendar

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