Synopsys, Inc. (Nasdaq: SNPS), a technology company specializing in electronic design automation, revealed third-quarter fiscal 2023 earnings of $2.88 per share, surpassing the consensus EPS estimate of $2.74. The company's quarterly sales reached $1.49 billion, slightly exceeding analysts' projected revenue of $1.48 billion.

Looking forward to the fourth quarter of fiscal 2023, Synopsys anticipates adjusted EPS to fall within the range of $3.01 to $3.06, in contrast to the consensus EPS estimate of $2.91 for the period.

$SNPS was trading at $439.47 in after-hours, reflecting an increase of $11.26 (+2.63%).

In a separate development, Paycor HCM, Inc. (Nasdaq: PYCR), a human capital management software provider, posted fourth-quarter fiscal 2023 earnings of $0.08 per share, exceeding the consensus estimate of $0.06. The company's quarterly sales amounted to $140.00 million, slightly above analysts' expected revenue of $136.55 million.

However, Paycor foresees revenues in the range of $138 million to $140 million for the first-quarter of fiscal 2024, diverging from the consensus estimate of $142.5 million in revenue for the period.

In after-hours, $PYCR was trading at $21.50, down $1.37 (-5.99%).

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