Cadence Design Systems (CDNS) Tops Q1 EPS by 2c; Guides Q2, FY12

Cadence Design Systems (NASDAQ: CDNS) reported Q1 EPS of $0.17, $0.02 better than the analyst estimate of $0.15. Revenue for the quarter came in at $316 million versus the consensus estimate of $309.7 million.

Cadence Design Systems sees Q2 2012 EPS of $0.17-$0.18, versus the consensus of $0.18. Cadence Design Systems sees Q2 2012 revenue of $315-$325 million, versus the consensus of $313.5 million.

Cadence Design Systems sees FY2012 EPS of $0.66-$0.70, versus the consensus of $0.68. Cadence Design Systems sees FY2012 revenue of $1.27-$1.3 billion, versus the consensus of $1.27 billion.

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

---

Serious News for Serious Traders! Try StreetInsider.com Premium Free!

---

You May Also Be Interested In

• Citrini flags overheating concerns as leverage, chip rally weigh on KOSPI
• Synopsys upgraded at Piper Sandler on Intel foundry momentum, Apple opportunity
• Bernstein SocGen Reiterates Outperform Rating on Fervo Energy (FRVO)