Investing.com - Synopsys (NASDAQ:SNPS) 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 anticipated EPS of $1.85 on revenue of $1.28B.
Synopsys shares are down 7.86% from the beginning of the year and are trading at $345.18 , down-from-52-week-high.
Synopsys shares gained 1.66% 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, compared to forecasts 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, compared to forecast for EPS of $0.84 on revenue of $13.29B.
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