Cadence Design Systems (CDNS) Reports In-Line Q1 EPS; Issues Mixed Outlook

Cadence Design Systems (NASDAQ: CDNS) reported Q1 EPS of $0.32, in-line with the analyst estimate of $0.32. Revenue for the quarter came in at $477 million versus the consensus estimate of $474.34 million.

GUIDANCE:

Cadence Design Systems sees Q2 2017 EPS of $0.31-$0.33, versus the consensus of $0.34. Cadence Design Systems sees Q2 2017 revenue of $470-480 million, versus the consensus of $480.36 million.

Cadence Design Systems sees FY2017 EPS of $1.32-$1.42, versus the consensus of $1.38. Cadence Design Systems sees FY2017 revenue of $1.9-1.95 billion, versus the consensus of $1.93 billion.

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

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