Investing.com - Cadence Design (NASDAQ: CDNS) reported first quarter EPS of $1.29, $0.03 better than the analyst estimate of $1.26. Revenue for the quarter came in at $1.02B versus the consensus estimate of $1.01B.
Guidance
Cadence Design sees Q2 2023 EPS of $1.15-$1.19 versus the analyst consensus of $1.26.
Cadence Design sees Q2 2023 revenue of $960.00M-$980.00M versus the analyst consensus of $1.00B.
Cadence Design sees FY 2023 EPS of $4.96-$5.04 versus the analyst consensus of $5.59.
Cadence Design sees FY 2023 revenue of $4.03B-$4.07B versus the analyst consensus of $4.46B.
Cadence Design's stock price closed at $212.98. It is up 16.71% in the last 3 months and up 40.95% in the last 12 months.
Cadence Design saw 10 positive EPS revisions and 0 negative EPS revisions in the last 90 days. See Cadence Design's stock price’s past reactions to earnings here.
According to InvestingPro, Cadence Design's Financial Health score is "great performance".
Check out Cadence Design's recent earnings performance, and Cadence Design's financials here.
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