Cadence Design Systems (CDNS) Tops Q1 EPS by 1c; Guides Q2, FY16

Cadence Design Systems (NASDAQ: CDNS) reported Q1 EPS of $0.28, $0.01 better than the analyst estimate of $0.27. Revenue for the quarter came in at $448 million versus the consensus estimate of $444.7 million.

GUIDANCE:

Cadence Design Systems sees Q2 2016 EPS of $0.27-$0.29, versus the consensus of $0.29. Cadence Design Systems sees Q2 2016 revenue of $445-455 million, versus the consensus of $447.6 million.

Cadence Design Systems sees FY2016 EPS of $1.15-$1.25, versus the consensus of $1.20. Cadence Design Systems sees FY2016 revenue of $1.79-1.84 billion, versus the consensus of $1.82 billion.

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

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