© 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. Investing.com 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 Investing.com.