Investing.com - Synopsys reported on Wednesday first quarter earnings that beat analysts' forecasts and revenue that was inline with expectations.
Synopsys announced earnings per share of $2.4 on revenue of $1.27B. Analysts polled by Investing.com EPS of $2.38 on revenue of $1.27B.
Synopsys 's are down 16.75% and is trading at $308.00 , still down 18.75% from its 52 week high of $377.60 set on Tuesday, December 28, 2021.
Synopsys shares gained 0.39% to trade at $308.00 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, January 27, 2022, who reported EPS of $2.1 on revenue of $123.95B, EPS of $1.9 on revenue of $119B.
Microsoft had beat expectations on Tuesday, January 25, 2022 with second quarter EPS of $2.48 on revenue of $51.73B, for EPS of $2.32 on revenue of $50.74B.
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