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Cadence Design Earnings, Revenue Beat in Q3 -Breaking

by Mike Robinson

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© Reuters. Quartile Revenue Beat at Cadence Design

Cadence Design (NASDAQ) reported Monday that the third quarter beat analyst forecasts, and that revenue exceeded expectations.

Cadence Design reported earnings per share at $0.8 on $750.9M in revenue. Investing.com polled analyst to predict EPS of $0.7474, based on $742.04M in revenue.

Cadence Design shares rose 22% over the first of the year but are down 1.29% from October 25, when it hit a 52-week high at $169.57. The shares are performing better than the, which has increased 20.37% since the start of this year.

Cadence Design joins other notable Technology sector earnings for this month

Cadence Design reports on Facebook’s earnings beat on Monday. They reported EPS at $3.22 per share on revenues of $29.01B. Forecasts were for EPS at $3.19 on revenues of $29.58B.

Taiwan Semiconductor beat all expectations with a third quarter earnings per share of $1.07 on $14.75B revenue, as compared to $1.04 forecast on $14.81B revenue.

You can keep up-to date on the latest earnings reports by visiting Investing.com’s earnings calendar

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