Cadence Design Systems (CDNS) Tops Q4 EPS by 2c, Offers Q1 & FY Guidance

Cadence Design Systems (NASDAQ: CDNS) reported Q4 EPS of $0.31, $0.02 better than the analyst estimate of $0.29. Revenue for the quarter came in at $441 million versus the consensus estimate of $440.36 million.

GUIDANCE:

Cadence Design Systems sees FY2016 EPS of $1.15-$1.25, versus the consensus of $1.18. Cadence Design Systems sees FY2016 revenue of $1.79-1.84 billion, versus the consensus of $1.81 billion.

Cadence Design Systems sees Q1 2016 EPS of $0.26-$0.28, versus the consensus of $0.26. Cadence Design Systems sees Q1 2016 revenue of $440-450 million, versus the consensus of $434.75 million.

For earnings history and earnings-related data on Cadence Design Systems (CDNS) click here.

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