Cadence Design Systems (CDNS) Q2 Earnings and Revenues Top Estimates

Cadence Design Systems (CDNS) came out with quarterly earnings of $1.65 per share, beating the Zacks Consensus Estimate of$ 1.57 per share. This compares to earnings of $1.28 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of +5.10%. A quarter ago, it was expected that this maker of hardware and software products for validating chip designs would post earnings of$ 1.49 per share when it actually produced earnings of $1.57, delive ...