Cadence Design Earnings, Revenue Beat in Q2

July 20, 2020

26 1 minute read

Stock Markets8 hours ago (Jul 20, 2020 04:07PM ET)

Investing.com – Cadence Design (NASDAQ:CDNS) reported on Monday second quarter earnings that beat analysts’ forecasts and revenue that topped expectations.

Cadence Design announced earnings per share of $0.66 on revenue of $638.4M. Analysts polled by Investing.com anticipated EPS of $0.52 on revenue of $591.1M.

Cadence Design shares are up 49% from the beginning of the year , still down 0.42% from its 52 week high of $104.31 set on July 20. They are outperforming the S&P 500 which is up 0.66% from the start of the year.

Cadence Design’s report follows an earnings beat by Taiwan Semiconductor on Wednesday, who reported EPS of $0.79 on revenue of $10.55B, compared to forecasts EPS of $0.72 on revenue of $10.38B.

Accenture had beat expectations on June 25 with third quarter EPS of $1.9 on revenue of $10.99B, compared to forecast for EPS of $1.86 on revenue of $10.72B.

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

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