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Cadence Design Systems (CDNS) Issues Better-Than-Expected Q3 Results; Guides Q4

October 26, 2011 4:53 PM
Cadence Design Systems (NASDAQ: CDNS) reported Q3 EPS of $0.14, $0.02 better than the analyst estimate of $0.12. Revenue for the quarter came in at $292 million versus the consensus estimate of $285.4 million.

Cadence Design Systems sees Q4 2011 EPS of $0.14-$0.16, versus the consensus of $0.13. Cadence Design Systems sees Q4 2011 revenue of $295-$305 million, versus the consensus of $292.11 million.

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Earnings Guidance