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Cadence Design Earnings, Revenue Beat in Q4

Published 22/02/2021, 22:10
Updated 22/02/2021, 22:10
© Reuters. Cadence Design Earnings, Revenue Beat in Q4
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Investing.com - Cadence Design reported on Monday fourth quarter earnings that beat analysts' forecasts and revenue that topped expectations.

Cadence Design announced earnings per share of $0.83 on revenue of $759.9M. Analysts polled by Investing.com EPS of $0.7441 on revenue of $732.27M.

Cadence Design 's are down 2% and is trading at $133.28 , still down 10.54% 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 beat by Apple on Wednesday, January 27, 2021, who reported EPS of $1.68 on revenue of $111.44B, EPS of $1.42 on revenue of $103.27B.

Microsoft had beat expectations on Tuesday, January 26, 2021 with second quarter EPS of $2.03 on revenue of $43.08B, for EPS of $1.64 on revenue of $40.22B.

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

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