Investing.com - Synopsys (NASDAQ:SNPS) reported on Wednesday fourth quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Synopsys announced earnings per share of $1.58 on revenue of $1.03B. Analysts polled by Investing.com anticipated EPS of $1.56 on revenue of $1.02B.
Synopsys shares are up 61.34% from the beginning of the year and are trading at $224.58 , down-from-52-week-high.They are outperforming the Nasdaq which is up 37.63% from the start of the year.
Synopsys follows other major Technology sector earnings this month
Synopsys's report follows an earnings beat by NVIDIA on Wednesday, November 18, 2020, who reported EPS of $2.91 on revenue of $4.73B, compared to forecasts EPS of $2.58 on revenue of $4.42B.
Salesforce.com had beat expectations on Tuesday with third quarter EPS of $1.74 on revenue of $5.42B, compared to forecast for EPS of $0.747 on revenue of $5.25B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar