Cadence Design Systems (CDNS) Tops Q2 EPS by 2c, Posts Strong Q3 and FY11 Guidance

Cadence Design Systems (NASDAQ: CDNS) reported Q2 EPS of $0.12, $0.02 better than the analyst estimate of $0.10. Revenue for the quarter came in at $283 million versus the consensus estimate of $275.9 million.

Cadence Design Systems sees Q3 2011 EPS of $0.11-$0.13, versus the consensus of $0.11. Cadence Design Systems sees Q3 2011 revenue of $280-$290 million, versus the consensus of $276.21 million.

Cadence Design Systems sees FY2011 EPS of $0.41-$0.47, versus the consensus of $0.42. Cadence Design Systems sees FY2011 revenue of $1.115-$1.135 billion, versus the consensus of $1.1 billion.

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