Investing.com - Cadence Design reported on Monday first quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Cadence Design announced earnings per share of $1.17 on revenue of $901.77M. Analysts polled by Investing.com EPS of $1.02 on revenue of $770.84M.
Cadence Design 's are down 18% and is trading at $151.10 , still down 21.59% from its 52 week high of $192.70 set on Tuesday, December 28, 2021.
Cadence Design follows other major Information Technology sector earnings this month
Cadence Design's report follows an earnings beat by Taiwan Semiconductor on Thursday, April 14, 2022, who reported EPS of $1.35 on revenue of $16.94B, EPS of $1.27 on revenue of $16.73B.
ASML ADR had missed expectations on Wednesday with first quarter EPS of $1.88 on revenue of $3.84B, for EPS of $1.94 on revenue of $3.86B.
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