Synopsys Earnings, Revenue Beat in Q3

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Synopsys announced earnings per share of $1.74 on revenue of $964.1M. Analysts polled by anticipated EPS of $1.34 on revenue of $894.12M.

Synopsys shares are up 42.44% from the beginning of the year, still down 3.14% from its 52 week high of $204.69 set on July 9. They are outperforming the S&P 500 which is up 4.51% from the start of the year.

Synopsys shares gained 0.12% in after-hours trade following the report.

Synopsys’s report follows an earnings beat by Apple on July 30, who reported EPS of $2.58 on revenue of $59.69B, compared to forecasts EPS of $2.05 on revenue of $52.29B.

Microsoft had beat expectations on July 22 with fourth quarter EPS of $1.46 on revenue of $38.03B, compared to forecast for EPS of $1.34 on revenue of $36.54B.

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