Investing.com - Synopsys (NASDAQ:SNPS) reported on Wednesday first quarter earnings that missed analysts' forecasts and revenue that topped expectations.
Synopsys announced earnings per share of $1.01 on revenue of $834.4M. Analysts polled by Investing.com anticipated EPS of $1.2 on revenue of $821.56M. That with comparison to EPS of $1.08 on revenue of $820.4M in the same period a year before.Synopsys had reported EPS of $1.15 on revenue of $851.08M in the previous quarter.Analysts are expecting EPS of $1.25 and revenue of $843.79M in the upcoming quarter.
Synopsys shares are up 18.74% from the beginning of the year and are trading at $165.00 , down-from-52-week-high.They are outperforming the Nasdaq 100 which is up 10.41% year to date.
Synopsys shares lost 0.18% in after-hours trade the report.
Synopsys follows other major Technology sector earnings this month
Synopsys's report follows an earnings beat by Microsoft on Wednesday, January 29, 2020, who reported EPS of $1.51 on revenue of $36.91B, compared to forecasts EPS of $1.05 on revenue of $32,512M.
Apple had beat expectations on Tuesday, January 28, 2020 with first quarter EPS of $4.99 on revenue of $91.82B, compared to forecast for EPS of $4.54 on revenue of $88.51B.
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