Categories AlphaGraphs, Earnings, Technology

Infographic: Highlights of Synopsys (SNPS) Q2 2020 Earnings Report

Technology company Synopsys, Inc. (NASDAQ: SNPS) reported an increase in profit for the second quarter of 2020. Earnings also came in above the market’s prediction, driving the company’s stock higher on Wednesday evening.

Synopsys Q2 2020 Earnings Infographic

Second-quarter earnings, excluding special items, rose to $1.22 per share from $1.16 per share last year and topped the Street view. Net income was $109.9 million or $0.71 per share, compared to $118.2 million or $0.77 per share in the second quarter of 2019.

Total revenues rose to $861.3 million from $836.2 million a year earlier and surpassed analysts’ forecast by a wide margin.

Shares of Synopsis closed Wednesday’s regular trading higher and continued to gain during the after-hours session, following the announcement.

Most Popular

What to look for when CVS Health (CVS) reports Q3 earnings

Healthcare company CVS Health Corporation (NYSE: CVS) is all set to report earnings next week, with Wall Street expecting a mixed outcome. The company has been facing challenges in certain

eBay (EBAY): A few factors that helped drive growth in Q3 2024

Shares of eBay Inc. (NASDAQ: EBAY) stayed green on Friday. The stock has gained 32% year-to-date. The ecommerce leader delivered revenue and earnings growth for the third quarter of 2024,

CVX Earnings: Chevron reports lower revenue and profit for Q3 2024

Energy exploration company Chevron Corporation (NYSE: CVX) on Friday announced third-quarter 2024 financial results, reporting a decline in net profit and revenues. Net income attributable to Chevron Corporation dropped to

Add Comment
Loading...
Cancel
Viewing Highlight
Loading...
Highlight
Close
Top