Cadence Design Systems (CDNS) Tops Q3 EPS by 20c, provides guidance

Cadence Design Systems (NASDAQ: CDNS) reported Q3 EPS of $1.64, $0.20 better than the analyst estimate of $1.44. Revenue for the quarter came in at $1.22 billion versus the consensus estimate of $1.18 billion.

GUIDANCE:

Cadence Design Systems sees FY2024 EPS of $5.87-$5.93, versus the consensus of $5.89. Cadence Design Systems sees FY2024 revenue of $4.61-4.65 billion, versus the consensus of $4.627 billion.

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

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