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Cadence Design announced earnings per share of $1.08 on revenue of $857.52M. Analysts polled by Investing.com anticipated EPS of $0.9645 on revenue of $834.51M.
Cadence Design shares are down 10% from the beginning of the year, still down 12.99% from its 52 week high of $192.70 set on December 28, 2021. They are outperforming the S&P 500 which is down 16.78% from the start of the year.
Cadence Design shares gained 3.18% in after-hours trade following the report.
Cadence Design’s report follows an earnings beat by Taiwan Semiconductor on July 14, who reported EPS of $1.53 on revenue of $17.87B, compared to forecasts EPS of $1.44 on revenue of $17.68B.
ASML ADR had beat expectations on Wednesday with second quarter EPS of $3.62 on revenue of $5.55B, compared to forecast for EPS of $3.61 on revenue of $5.56B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com’s earnings calendar
