Cadence Design Systems (CDNS) Tops Q4 EPS by 4c, Offers Q1 and FY Guidance

Cadence Design Systems (NASDAQ: CDNS) reported Q4 EPS of $0.51, $0.04 better than the analyst estimate of $0.47. Revenue for the quarter came in at $570 million versus the consensus estimate of $550.35 million.

GUIDANCE:

Cadence Design Systems sees Q1 2019 EPS of $0.48-$0.50, versus the consensus of $0.46. Cadence Design Systems sees Q1 2019 revenue of $565-575 million, versus the consensus of $549.16 million.

Cadence Design Systems sees FY2019 EPS of $1.97-$2.07, versus the consensus of $1.96. Cadence Design Systems sees FY2019 revenue of $2.27-2.31 billion, versus the consensus of $2.26 billion.

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

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