Cadence Design Systems (CDNS) Shares Up 3% on Q2 Earnings Beat and Raise
FREE Breaking News Alerts from StreetInsider.com!
StreetInsider.com Top Tickers, 6/23/2026
- Wall Street ends lower on semiconductor selloff as AI spending concerns mount
- Chip stocks plunge, but bargain-hunters stem losses in other tech names
- FedEx falls 4% as FY2027 profit forecast misses expectations despite Q4 beat
- Oil prices finish 1% lower as investors focus on Hormuz flows after peace talks
- South Korea leveraged ETF crisis sparks global chip selloff
- Exclusive-China robot-hand-building unicorn Linkerbot targets $6 billion valuation
- Spain's ex-transport minister sentenced to 24 years for corruption
- China, US, UAE police arrest 276 telecom fraud suspects in Dubai
- Needham Starts NeoVolta (NEOV) at Buy
- Li Auto Inc. (LI) Breaks Ground on Chips R&D and Production Base
Cadence Design Systems (CDNS) Tops Q2 EPS by 12c; Issues Solid Outlook
July 25, 2022 4:10 PM EDTCadence Design Systems (NASDAQ: CDNS) reported Q2 EPS of $1.08, $0.12 better than the analyst estimate of $0.96. Revenue for the quarter came in at $858 million versus the consensus estimate of $834.51 million.
GUIDANCE:
Cadence Design Systems sees Q3 2022 EPS of $0.94-$0.98, versus the... More

