Cadence Design Systems (CDNS) Tops Q1 EPS by 4c, provides guidance

Cadence Design Systems (NASDAQ: CDNS) reported Q1 EPS of $1.17, $0.04 better than the analyst estimate of $1.13. Revenue for the quarter came in at $1.01 billion versus the consensus estimate of $1 billion.

GUIDANCE:

Cadence Design Systems sees FY2024 EPS of $5.88-$5.98, versus the consensus of $5.94. Cadence Design Systems sees FY2024 revenue of $4.56-4.62 billion, versus the consensus of $4.591 billion.

For earnings history and earnings-related data on Cadence Design Systems (CDNS) click here.

You May Also Be Interested In

• Meta AI agent ‘Muse’ triggers massive tech rally as chips and Wall Street soar
• Raymond James Reiterates Underperform Rating on Lennar (LEN)
• RBC Capital Starts Tabcorp Holdings (TAH:AU) (TABCF) at Outperform