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 $1.82 on revenue of $1.15B. Analysts polled by Investing.com anticipated EPS of $1.79 on revenue of $1.15B.
Synopsys shares are up 28.93% from the beginning of the year and are trading at $334.23 , down-from-52-week-high.They are outperforming the Nasdaq which is up 18.36% from the start of the year.
Synopsys follows other major Information Technology sector earnings this month
Synopsys's report follows an earnings beat by NVIDIA on November 17, who reported EPS of $1.17 on revenue of $7.1B, compared to forecasts EPS of $1.11 on revenue of $6.82B.
Salesforce.com had beat expectations on Tuesday with third quarter EPS of $1.27 on revenue of $6.86B, compared to forecast for EPS of $0.9219 on revenue of $6.8B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar