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Cadence Design announced earnings per share of $0.7 on revenue of $666.6M. Analysts polled by Investing.com anticipated EPS of $0.61 on revenue of $642.14M.
Cadence Design shares are up 63% from the beginning of the year, still down 3.87% from its 52 week high of $118.16 set on October 14. They are outperforming the Nasdaq 100 which is up 33.22% from the start of the year.
Cadence Design shares gained 0.80% in after-hours trade following the report.
Cadence Design’s report follows an earnings matched by Taiwan Semiconductor on Wednesday, who reported EPS of $0.92 on revenue of $12.4B, compared to forecasts EPS of $0.92 on revenue of $12.4B.
Accenture had missed expectations on September 24 with fourth quarter EPS of $1.7 on revenue of $10.84B, compared to forecast for EPS of $1.73 on revenue of $10.93B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com’s earnings calendar
