Synopsys Earnings, Revenue beat in Q4

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 November 18, 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