© Reuters. Cadence Design Earnings, Revenue Beat in Q3
Investing.com – Cadence Design (NASDAQ:) reported on Monday third quarter that beat analysts’ forecasts and revenue that topped expectations.
Cadence Design announced earnings per share of $1.06 on revenue of $903.00. Analysts polled by Investing.com anticipated EPS of $0.96 on revenue of $871.2M.
Cadence Design shares are down 14% from the beginning of the year, still down 17.82% from its 52 week high of $194.97 set on August 16.
Cadence Design shares gained 1.08% in after-hours trade following the report.
Cadence Design follows other major Information Technology sector earnings this month
Cadence Design’s report follows an earnings beat by Taiwan Semiconductor on October 13, who reported EPS of $1.79 on revenue of $20.23B, compared to forecasts EPS of $1.65 on revenue of $19.44B.
ASML ADR had beat expectations on Wednesday with third quarter EPS of $4.29 on revenue of $5.78B, compared to forecast for EPS of $3.96 on revenue of $5.68B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com’s earnings calendar
Be the first to comment