Cadence Design Earnings Beat Revenue Beat in Q3 Through

© Stocksak. Cadence Design Earnings Beat in Q3

Cadence Design (NASDAQ) reported Monday that the third quarter beat analysts’ predictions and that revenue exceeded expectations.

Cadence Design reported earnings per share of $1.06 based on revenues of $903.00. polled analysts to predict EPS at $0.96 for revenue $871.2M.

Cadence Design shares are down 14% since the start of the year, but down 17.82% compared to its 52-week high $194.97 (August 16).

Cadence Design shares gained 1.08% after-hours trading following the report.

Cadence Design follows other major Information Technology industry earnings this month

Cadence Design’s report comes after Taiwan Semiconductor reported EPS at $1.79 on revenue $23.23B on October 13. Forecasts EPS at $1.65 were for revenue $19.44B.

ASML ADR beat expectations Wednesday with a third quarter EPS at $4.29 on revenue $5.78B. This compares to the forecast for EPS at $3.96 on revenue $5.68B.

Keep up-to-date with all the upcoming earnings reports by visiting

News Source and Credit

Stocksak Editorial

We are a financial blog that covers topics such as investing, saving, spending, and earning more money. Please feel free to peruse our site and read any of the articles that catch your interest.

Related Articles

Leave a Reply

Your email address will not be published.

Back to top button