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 $0.8 on revenue of $750.9M. Analysts polled by Investing.com EPS of $0.7474 on revenue of $742.04M.
Cadence Design 's are up 22% and is trading at $167.38 , still down 1.29% from its 52 week high of $169.57 set on Monday, October 25, 2021.
Cadence Design follows other major Technology sector earnings this month
Cadence Design's report follows an earnings beat by Facebook on Monday, who reported EPS of $3.22 on revenue of $29.01B, EPS of $3.19 on revenue of $29.58B.
Taiwan Semiconductor had beat expectations on Thursday, October 14, 2021 with third quarter EPS of $1.07 on revenue of $14.75B, for EPS of $1.04 on revenue of $14.81B.
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