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Synopsys Earnings Beat, Revenue Inline In Q4 -Breaking

by Mike Robinson

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© Reuters. Synopsys Earnings Beat, Revenue Inline In Q4

Synopsys (NASDAQ) reported Wednesday that the fourth quarter beat analyst forecasts, and that revenue was consistent with analysts’ expectations.

Synopsys reported earnings per share at $1.82 on $1.15B in revenue. Investing.com polled analysts and predicted EPS at $1.79 for revenue $1.15B.

Synopsys shares rose 28.93% over the first of the year but are down 7.47% from their 52-week peak of $361.22, set on November 22, 22. The shares are performing better than the Nasdaq, which has seen an 18.36% increase since the beginning of the year.

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

Synopsys reported after NVIDIA’s November 17 earnings beat. NVIDIA reported an EPS report of $1.17 for revenue $7.1B. Forecasts were for EPS at $1.11, with revenue $6.82B.

On Tuesday, Salesforce.com beat all expectations with its third quarter earnings per share of $1.27 on $6.86B in revenue. This compares to the $0.9219 forecasted for $6.8B revenue.

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

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