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 $1.06 on revenue of $903.00. Analysts polled by Investing.com EPS of $0.96 on revenue of $871.2M.
Cadence Design 's are down 14% and is trading at $161.95 , still down 17.82% from its 52 week high of $194.97 set on Tuesday, August 16, 2022.
Cadence Design shares gained 1.08% to trade at $161.95 in after-hours trade the report.
Cadence Design follows other major Information Technology sector earnings this month
Cadence Design's report follows an earnings beat by Taiwan Semiconductor on Thursday, October 13, 2022, who reported EPS of $1.79 on revenue of $20.23B, EPS of $1.65 on revenue of $19.44B.
ASML ADR had beat expectations on Wednesday with third quarter EPS of $4.29 on revenue of $5.78B, for EPS of $3.96 on revenue of $5.68B.
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