Synopsys Beats Expectations with $0.10 Earnings and Strong Profit

According to Synopsys' (NASDAQ: SNPS) report, earnings per share for the fourth quarter were $3.40, which is $0.10 better than analysts' expectations of $3.30. The profit reported for this quarter was determined to be $1.64 billion, compared to analyst expectations of $1.63 billion.

Synopsys shares closed the day at $588.00. This level indicates that the company has gained 26.73% in value over the past three months. The stock has increased by 9.76% over the last 12 months. In the last 90 days, Synopsys saw 9 positive earnings per share outcomes and 1 negative one.

You can examine how Synopsys stock has reacted to past earnings reports here. According to InvestingPro, Synopsys has a financial health score of “Good performance.” You can review the latest earnings reports and all financial information pertaining to Synopsys here. Stay updated on all developments related to balance sheets by visiting the Investing.com Earnings Calendar.