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Cadence Design Earnings, Revenue Beat in Q3

Published 19/10/2020, 21:07
© Reuters. Cadence Design Earnings, Revenue Beat in Q3
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Investing.com - Cadence Design reported on Monday third quarter earnings that beat analysts' forecasts and revenue that topped expectations.

Cadence Design announced earnings per share of $0.7 on revenue of $666.6M. Analysts polled by Investing.com EPS of $0.61 on revenue of $642.14M.

Cadence Design 's are up 63% and is trading at $114.50 , still down 3.87% from its 52 week high of $118.16 set on Wednesday, October 14, 2020.

Cadence Design shares gained 0.80% to trade at $114.50 in after-hours trade the report.

Cadence Design follows other major Technology sector earnings this month

Cadence Design's report follows an earnings matched by Taiwan Semiconductor on Wednesday, who reported EPS of $0.92 on revenue of $12.4B, EPS of $0.92 on revenue of $12.4B.

Accenture had missed expectations on Thursday, September 24, 2020 with fourth quarter EPS of $1.7 on revenue of $10.84B, 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

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