Cadence Design Systems (CDNS) Tops Q4 EPS by 1c, Offers Guidance

Cadence Design Systems (NASDAQ: CDNS) reported Q4 EPS of $0.34, $0.01 better than the analyst estimate of $0.33. Revenue for the quarter came in at $469 million versus the consensus estimate of $468.81 million.

GUIDANCE:

For the first quarter of 2017, the company expects total revenue in the range of $470 million to $480 million. First quarter GAAP net income per diluted share is expected to be in the range of $0.19 to $0.21. Net income per diluted share using the non-GAAP measure defined below is expected to be in the range of $0.30 to $0.32.

(Street sees $0.31 on revenue of $462.2)

For 2017, the company expects total revenue in the range of $1.900 billion to $1.950 billion. On a GAAP basis, net income per diluted share for 2017 is expected to be in the range of $0.89 to $0.99. Using the non-GAAP measure defined below, net income per diluted share for 2017 is expected to be in the range of $1.32 to $1.42.

(Street sees EPS of $1.36 on revenue of 1.92B)

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

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