© Reuters. Cadence Design earnings beat by $0.04, revenue topped estimates
Investing.com – Cadence Design (NASDAQ: CDNS) reported fourth quarter EPS of $0.96, $0.04 better than the analyst estimate of $0.92. Revenue for the quarter came in at $900M versus the consensus estimate of $884.52M.
Guidance
Cadence Design sees Q1 2023 EPS of $1.23-$1.27 versus the analyst consensus of $1.10.
Cadence Design sees Q1 2023 revenue of $1,000.00M-$1.02B versus the analyst consensus of $930.00M.
Cadence Design sees FY 2023 EPS of $4.90-$5.00 versus the analyst consensus of $4.70.
Cadence Design sees FY 2023 revenue of $4.00B-$4.06B versus the analyst consensus of $3.88B.
Cadence Design’s stock price closed at $185.70. It is up 9.97% in the last 3 months and up 30.70% in the last 12 months.
Cadence Design saw 8 positive EPS revisions and 0 negative EPS revisions in the last 90 days. See Cadence Design’s stock price’s past reactions to earnings here.
According to InvestingPro, Cadence Design’s Financial Health score is “great performance“.
Check out Cadence Design’s , and Cadence Design’s financials here.
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