Cadence Design Systems Inc Reports Results for the Quarter Ended in June – Earnings Summary
* Cadence Design Systems Inc reported quarterly adjusted earnings of 45 cents per share. The mean expectation of 9 analysts for the quarter that ended in June was for earnings of 40 cents per share. * Revenue rose 8.2 percent to $518.39 million from a year ago; analysts expected $515.62 million. * Cadence Design Systems Inc’s Reported EPS for the quarter was 27 cents. * The mean earnings estimate of analysts had risen by about 2.6 percent in the last three months. * In the last 30 days there have been no negative revisions of earnings estimates and one analyst has revised an earnings estimate upward. * Cadence Design Systems Inc shares had risen by 4.2 percent this quarter and gained 7.9 percent so far this year. * The San Jose, California-based company reported quarterly net income of $75.15 million. * Cadence Design Systems Inc is a member of the NASDAQ Composite Index. This summary was machine generated July 23 at 09:04 p.m. GMT.
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