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 $0.86 on revenue of $728.3M. Analysts polled by Investing.com EPS of $0.7591 on revenue of $720.62M.
Cadence Design 's are up 6% and is trading at $145.00 , still down 2.67% from its 52 week high of $148.98 set on Tuesday, February 16, 2021.
Cadence Design follows other major Technology sector earnings this month
Cadence Design's report follows an earnings missed by Taiwan Semiconductor on Thursday, July 15, 2021, who reported EPS of $0.929 on revenue of $13.35B, EPS of $0.9296 on revenue of $13.23B.
Intel had beat expectations on Thursday with second quarter EPS of $1.28 on revenue of $18.53B, for EPS of $1.07 on revenue of $17.81B.
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