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Synopsys announced earnings per share of $1.22 on revenue of $861.3M (NYSE:MMM). Analysts polled by Investing.com anticipated EPS of $0.98 on revenue of $836.56M. That with comparison to EPS of $1.16 on revenue of $836.24M in the same period a year before. Synopsys had reported EPS of $1.01 on revenue of $834.38M in the previous quarter. Analysts are expecting EPS of $1.47 and revenue of $945.18M in the upcoming quarter.
Synopsys shares are up 18.99% from the beginning of the year , still down 0.91% from its 52 week high of $167.16 set on May 20. They are outperforming the Nasdaq which is up 3.72% year to date.
Synopsys shares lost 0.10% in after-hours trade following the report.
Synopsys’s report follows an earnings beat by Microsoft on April 29, who reported EPS of $1.4 on revenue of $35.02B, compared to forecasts EPS of $1.27 on revenue of $33.66B.
Apple had beat expectations on April 30 with second quarter EPS of $2.55 on revenue of $58.31B, compared to forecast for EPS of $2.24 on revenue of $54.78B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com’s earnings calendar
