Cadence Design Systems (CDNS) Tops Q4 EPS by 1c, Offers Q1 and FY Guidance

Cadence Design Systems (NASDAQ: CDNS) reported Q4 EPS of $0.54, $0.01 better than the analyst estimate of $0.53. Revenue for the quarter came in at $600 million versus the consensus estimate of $595.42 million.

GUIDANCE:

Cadence Design Systems sees Q1 2020 EPS of $0.53-$0.55, versus the consensus of $0.57. Cadence Design Systems sees Q1 2020 revenue of $610-620 million, versus the consensus of $609 million.

Cadence Design Systems sees FY2020 EPS of $2.40-$2.50, versus the consensus of $2.34. Cadence Design Systems sees FY2020 revenue of $2.545-2.585 billion, versus the consensus of $2.5 billion.

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

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