Cadence Design Systems (CDNS) Tops Q4 EPS by 4c; Guides Above Views

Cadence Design Systems (NASDAQ: CDNS) reported Q4 EPS of $0.96, $0.04 better than the analyst estimate of $0.92. Revenue for the quarter came in at $900 million versus the consensus estimate of $884.52 million.

GUIDANCE:

Cadence Design Systems sees Q1 2023 EPS of $1.23-$1.27, versus the consensus of $1.10. Cadence Design Systems sees Q1 2023 revenue of $1-1.02 billion, versus the consensus of $0.9309 billion.

Cadence Design Systems sees FY2023 EPS of $4.90-$5.00, versus the consensus of $4.70. Cadence Design Systems sees FY2023 revenue of $4-4.06 billion, versus the consensus of $3.88 billion.

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

You May Also Be Interested In

• AeroVironment restates quarterly financials, citing $89M goodwill error
• Accenture downgraded by TD Cowen on AI concerns
• Middleby board approves spin-off of food processing unit Midera