© Reuters. Cadence Design earnings beat by $0.04, income topped estimates
Investing.com – Cadence Design (NASDAQ: ) reported fourth quarter EPS of $1.38, $0.04 higher than the analyst estimate of $1.34. Income for the quarter got here in at $1.07B versus the consensus estimate of $1.06B.
Steerage
Cadence Design sees Q1 2024 EPS of $5.87-$5.97 versus the analyst consensus of $5.89.
Cadence Design sees Q1 2024 income of $4.55B-$4.61B versus the analyst consensus of $4.58B.
Cadence Design’s inventory worth closed at $306.58. It’s up 14.83% within the final 3 months and up 65.09% within the final 12 months.
Cadence Design noticed 9 optimistic EPS revisions and 0 detrimental EPS revisions within the final 90 days. See Cadence Design’s inventory worth’s previous reactions to earnings right here.
In accordance with InvestingPro, Cadence Design’s Monetary Well being rating is “great performance”.
Try Cadence Design’s , and Cadence Design’s financials right here.
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