Cadence Design Systems Inc. (CDNS) Tops Q1 EPS by 1c, Posts Q2 & FY11 Guidance

Cadence Design Systems Inc. (NASDAQ: CDNS) reported Q1 EPS of $0.09, $0.01 better than the analyst estimate of $0.08. Revenue for the quarter came in at $266.1 million versus the consensus estimate of $260.03 million.

Cadence Design Systems Inc. sees Q2 2011 EPS of $0.09-$0.11, versus the consensus of $0.09. Cadence Design Systems Inc. sees Q2 2011 revenue of $270-$280 million, versus the consensus of $260 million.

Cadence Design Systems Inc. sees FY2011 EPS of $0.36-$0.44, versus the consensus of $0.36. Cadence Design Systems Inc. sees FY2011 revenue of $1.08-$1.12 million, versus the consensus of $1.06 million.

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