Cadence Reports First Quarter 2024 Financial Results

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Go back to Cadence Reports First Quarter 2024 Financial Results

Cadence (CDNS) tumbles despite Q1 beat on top and bottom lines

April 22, 2024 4:12 PM EDT

Cadence Design Systems (NASDAQ: CDNS) reported better-than-expected earnings and revenue for the fiscal Q1. Guidance for the full fiscal 2024 met analysts' estimates at the midpoint.

CDNS shares fell over 8% in after-hours trading.

The computational software maker posted earnings per share (EPS) of $1.17, beating... More