Investing.com - Synopsys reported on Wednesday second quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Synopsys announced earnings per share of $2.5 on revenue of $1.28B. Analysts polled by Investing.com EPS of $2.37 on revenue of $1.26B.
Synopsys 's are down 23% and is trading at $277.00 , still down 27.82% from its 52 week high of $377.60 set on Tuesday, December 28, 2021.
Synopsys shares gained 1.63% to trade at $277.00 in after-hours trade the report.
Synopsys follows other major Information Technology sector earnings this month
Synopsys's report follows an earnings beat by Apple on Thursday, April 28, 2022, who reported EPS of $1.52 on revenue of $97.28B, EPS of $1.42 on revenue of $94.03B.
Microsoft had beat expectations on Tuesday, April 26, 2022 with third quarter EPS of $2.22 on revenue of $49.36B, for EPS of $2.19 on revenue of $49.02B.
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