Cadence Design Systems (CDNS) Tops Q2 EPS by 12c; Issues Solid Outlook

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Cadence Design Systems (CDNS) Shares Up 3% on Q2 Earnings Beat and Raise

July 25, 2022 5:24 PM EDT

Cadence Design Systems (NASDAQ: CDNS) shares rose more than 3% after-hours following the companys reported strong Q2 results, with double-digit growth across all product categories.

Q2 EPS came in at $1.08, better than the consensus estimate of $0.96. Revenue rose 18% to $858 million, compared to the consensus... More