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Cadence Design Systems (CDNS) Q2 Earnings and Revenues Top Estimates
Cadence Design Systems (CDNS) came out with quarterly earnings of $0.57 per share, beating the Zacks Consensus Estimate of $0.53 per share. This compares to earnings of $0.45 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of 7.55%. A quarter ago, it was expected that this maker of hardware and software products for validating chip designs would post earnings of $0.50 per share when it actually produced earnings of $0.54, delivering a surprise of 8%.
Over the last four quarters, the company has surpassed consensus EPS estimates four times.
Cadence, which belongs to the Zacks Computer - Software industry, posted revenues of $580.42 million for the quarter ended June 2019, surpassing the Zacks Consensus Estimate by 0.23%.
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https://finance.yahoo.com/news/cadence-d...09455.html
![[Bild: CDNSc1dl0339.png]](https://finviz.com/publish/072319/CDNSc1dl0339.png)
Cadence Design Systems (CDNS) came out with quarterly earnings of $0.57 per share, beating the Zacks Consensus Estimate of $0.53 per share. This compares to earnings of $0.45 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of 7.55%. A quarter ago, it was expected that this maker of hardware and software products for validating chip designs would post earnings of $0.50 per share when it actually produced earnings of $0.54, delivering a surprise of 8%.
Over the last four quarters, the company has surpassed consensus EPS estimates four times.
Cadence, which belongs to the Zacks Computer - Software industry, posted revenues of $580.42 million for the quarter ended June 2019, surpassing the Zacks Consensus Estimate by 0.23%.
...
https://finance.yahoo.com/news/cadence-d...09455.html
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