Cadence Design Systems (CDNS) Tops Q1 EPS by 5c, Offers Q2 and FY Guidance

Cadence Design Systems (NASDAQ: CDNS) reported Q1 EPS of $0.54, $0.05 better than the analyst estimate of $0.49. Revenue for the quarter came in at $577 million versus the consensus estimate of $569.24 million.

GUIDANCE:

Cadence Design Systems sees Q2 2019 EPS of $0.52-$0.54, versus the consensus of $0.50. Cadence Design Systems sees Q2 2019 revenue of $575-585 million, versus the consensus of $567.7 million.

Cadence Design Systems sees FY2019 EPS of $2.04-$2.12, versus the consensus of $2.03. Cadence Design Systems sees FY2019 revenue of $2.305-2.335 billion, versus the consensus of $2.29 billion.

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

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