Investing.com - Synopsys reported on Wednesday fourth quarter earnings that beat analysts' forecasts and revenue that was inline with expectations.
Synopsys announced earnings per share of $1.91 on revenue of $1.28B. Analysts polled by Investing.com EPS of $1.85 on revenue of $1.28B.
Synopsys 's are down 7.86% and is trading at $345.18 , still down 13.20% from its 52 week high of $391.17 set on Monday, August 15, 2022.
Synopsys shares gained 1.66% to trade at $345.18 in after-hours trade the report.
Synopsys follows other major Information Technology sector earnings this month
Synopsys's report follows an earnings missed by NVIDIA on Wednesday, November 16, 2022, who reported EPS of $0.58 on revenue of $5.93B, EPS of $0.71 on revenue of $5.8B.
Cisco had beat expectations on Wednesday, November 16, 2022 with first quarter EPS of $0.86 on revenue of $13.6B, for EPS of $0.84 on revenue of $13.29B.
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