Synopsys Earnings, Revenue beat in Q1 By Investing.com

Synopsys (NASDAQ:SNPS) reported on Wednesday first quarter earnings that beat analysts’ forecasts and revenue that topped expectations.

Synopsys announced earnings per share of $1.52 on revenue of $970.3M (NYSE:MMM). Analysts polled by Investing.com anticipated EPS of $1.47 on revenue of $958.48M.

Synopsys shares are up 9.44% from the beginning of the year and are trading at $283.70 , down-from-52-week-high.They are outperforming the Nasdaq which is up 8.36% from the start of the year.

Synopsys follows other major Technology sector earnings this month

Synopsys’s report follows an earnings beat by Apple on January 27, who reported EPS of $1.68 on revenue of $111.44B, compared to forecasts EPS of $1.42 on revenue of $103.27B.

Microsoft had beat expectations on January 26 with second quarter EPS of $2.03 on revenue of $43.08B, compared to forecast for EPS of $1.64 on revenue of $40.22B.

Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com’s earnings calendar