Cadence Design Earnings, Revenue Beat in Q1
2022.04.25 23:31
Cadence Design Earnings, Revenue Beat in Q1
Investing.com – Cadence Design (NASDAQ:CDNS) reported on Monday first quarter earnings that beat analysts’ forecasts and revenue that topped expectations.
Cadence Design announced earnings per share of $1.17 on revenue of $901.77M. Analysts polled by Investing.com anticipated EPS of $1.02 on revenue of $770.84M.
Cadence Design shares are down 18% from the beginning of the year, still down 21.59% from its 52 week high of $192.70 set on December 28, 2021. They are under-performing the Nasdaq 100 which is down 17.08% from the start of the year.
Cadence Design follows other major Information Technology sector earnings this month
Cadence Design’s report follows an earnings beat by Taiwan Semiconductor on April 14, who reported EPS of $1.35 on revenue of $16.94B, compared to forecasts EPS of $1.27 on revenue of $16.73B.
ASML ADR had missed expectations on Wednesday with first quarter EPS of $1.88 on revenue of $3.84B, compared to forecast for EPS of $1.94 on revenue of $3.86B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com’s earnings calendar
