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Cadence Design Earnings, Revenue Beat in Q2

Published 20/07/2020, 21:07
© Reuters. Cadence Design Earnings, Revenue Beat in Q2
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Investing.com - Cadence Design reported on Monday second quarter earnings that beat analysts' forecasts and revenue that topped expectations.

Cadence Design announced earnings per share of $0.66 on revenue of $638.4M. Analysts polled by Investing.com EPS of $0.52 on revenue of $591.1M.

Cadence Design 's are up 49% and is trading at $103.87 , still down 0.42% from its 52 week high of $104.31 set on Monday, July 20, 2020.

Cadence Design follows other major Technology sector earnings this month

Cadence Design's report follows an earnings beat by Taiwan Semiconductor on Wednesday, who reported EPS of $0.79 on revenue of $10.55B, EPS of $0.72 on revenue of $10.38B.

Accenture had beat expectations on Thursday, June 25, 2020 with third quarter EPS of $1.9 on revenue of $10.99B, for EPS of $1.86 on revenue of $10.72B.

Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar

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