Cadence Design Systems (CDNS) Tops Q1 EPS by 3c

Cadence Design Systems (NASDAQ: CDNS) reported Q1 EPS of $0.40, $0.03 better than the analyst estimate of $0.37. Revenue for the quarter came in at $517 million versus the consensus estimate of $505.33 million.

GUIDANCE:

Cadence Design Systems sees Q2 2018 EPS of $0.39-$0.41, versus the consensus of $0.38. Cadence Design Systems sees Q2 2018 revenue of $510-520 million, versus the consensus of $505.47 million.

Cadence Design Systems sees FY2018 EPS of $1.57-$1.65, versus the consensus of $1.56. Cadence Design Systems sees FY2018 revenue of $2.055-2.085 billion, versus the consensus of $2.04 billion.

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

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