Cadence Design Earnings, Revenue beat in Q4 By Investing.com

Cadence Design (NASDAQ:CDNS) 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 anticipated EPS of $0.7441 on revenue of $732.27M.

Cadence Design shares are down 2% from the beginning of the year and are trading at $133.28 , down-from-52-week-high.They are under-performing the Nasdaq which is up 5% from the start of the year.

Cadence Design follows other major Technology sector earnings this month

Cadence Design’s report follows an earnings beat by Apple on January 27, who reported EPS of $1.68 on revenue of $111.44B, compared to forecasts EPS of $1.42 on revenue of $103.27B.

Microsoft had beat expectations on January 26 with second quarter EPS of $2.03 on revenue of $43.08B, compared to forecast 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