© Reuters. Cadence design earnings, first quarter revenue earnings
Investing.com – Cadence Design (NASDAQ 🙂 reported on Monday of the first quarter that it beat analyst forecasts and revenue beat expectations. Cadence Design announced earnings per share of $ 0.83 on revenue of $ 736M. Analysts surveyed by Investing.com anticipated EPS of $ 0.7493 on revenue of $ 717.95 million. Shares in Cadence Design are up 5% since the beginning of the year, still 3.18% from their 52-week high of $ 148.98 set on February 16. They are below the S&P 500, which is up 11.53% since the beginning of the year. Cadence Design Follows Other Major Tech Sector Gains This Month Cadence Design’s report follows Taiwan Semiconductor’s earnings on April 14, which reported EPS of $ 0.9497 on revenue of $ 12.77B, compared to forecasts for EPS of $ 0.9247 on income of $ 12.78B. Intel had beaten expectations Thursday with first-quarter EPS of $ 1.39 on revenue of $ 18.57B, compared to the EPS forecast of $ 1.15 on revenue of $ 17.79B. Stay up-to-date on all upcoming earnings reports by visiting the Investing.com earnings calendar.