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Cadence Design Earnings, Revenue Beat in Q4 -Breaking

by Mike Robinson

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© Reuters. In Q4, Cadence Design beats Revenue

Cadence Design (NASDAQ 🙂 announced Tuesday the results of its fourth quarter. The revenue beat expectations and exceeded analysts’ predictions.

Cadence Design reported earnings per share at $0.82 on revenues of $773.04M. Investing.com polled analyst to predict EPS of $0.7804 based on $757.37M in revenue.

Cadence Design shares have fallen 27% since the start of the year. However, they are still 29.83% below their 52-week high of $192.70 on December 28, 2021. They are under-performing the S&P 500 which is down 9.66% from the start of the year.

Cadence Design shares rose 2.80% after hours trades following the release.

Cadence Design joins other top Information Technology sector earnings for this month

Cadence Design reports on an Apple earnings beat on January 27th, reporting EPS $2.1 on $123.95B revenue. Forecasts were for EPS $1.9 on $119B revenue.

Microsoft exceeded expectations by beating all forecasts on January 25, posting a 2nd quarter EPS (EPS) of $2.48 on revenue $51.73B as opposed to the $2.32 expected on $50.74B revenue.

You can keep up to date on the latest earnings reports at www.investors.com Investing.com’s earnings calendar

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