Cadence Design Systems (CDNS) Beats Q1 Earnings and Revenue Estimates

Cadence Design Systems (CDNS) came out with quarterly earnings of $1.57 per share, beating the Zacks Consensus Estimate of$ 1.49 per share. This compares to earnings of $1.17 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 5.37%. A quarter ago, it was expected that this maker of hardware and software products for validating chip designs would post earnings of$ 1.82 per share when it actually produced earnings of $1.88, deliver ...