Investing.com - Cadence Design (NASDAQ: CDNS) reported third quarter EPS of $1.64, $0.20 better than the analyst estimate of $1.44. Revenue for the quarter came in at $1.22B versus the consensus estimate of $1.18B.
Guidance
Cadence Design sees FY 2024 EPS of $5.87-$5.93 versus the analyst consensus of $5.89.
Cadence Design sees FY 2024 revenue of $4.61B-$4.65B versus the analyst consensus of $4.63B.
Cadence Design's stock price closed at $252.77. It is down -3.08% in the last 3 months and up 9.49% in the last 12 months.
Cadence Design saw 0 positive EPS revisions and 11 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 "good performance".
Check out Cadence Design's recent earnings performance, and Cadence Design's financials here.
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