Investing.com - Synopsys reported on Wednesday third quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Synopsys announced earnings per share of $2.1 on revenue of $1.25B. Analysts polled by Investing.com EPS of $1.99 on revenue of $1.21B.
Synopsys 's are up 3.39% and is trading at $389.89 , still down 2.60% from its 52 week high of $391.17 set on Monday, August 15, 2022.
Synopsys shares gained 2.33% to trade at $389.89 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, July 28, 2022, who reported EPS of $1.2 on revenue of $82.96B, EPS of $1.16 on revenue of $82.79B.
Microsoft had missed expectations on Tuesday, July 26, 2022 with fourth quarter EPS of $2.23 on revenue of $51.87B, for EPS of $2.29 on revenue of $52.38B.
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