Cadence Design Systems (NASDAQ:CDNS) reported its Q3 earnings results on Monday, October 25, 2021 at 04:05 PM.
Here’s what investors need to know about the announcement.
Earnings
Cadence Design Systems beat their estimated earnings by 6.67%, which did not surprise analysts.
Revenue was up $84,288,000 from the same period last year.
Past Earnings Performance
Last quarter the company beat on EPS by $0.1, which was followed by a 1.17% drop in the share price the next day.
Here’s a look at Cadence Design Systems’s past performance and the resulting price change:
| Quarter | Q2 2021 | Q1 2021 | Q4 2020 | Q3 2020 |
|---|---|---|---|---|
| EPS Estimate | 0.76 | 0.75 | 0.74 | 0.61 |
| EPS Actual | 0.86 | 0.83 | 0.83 | 0.70 |
| Revenue Estimate | 721.16M | 717.79M | 732.01M | 641.47M |
| Revenue Actual | 728.28M | 736.03M | 759.91M | 666.61M |
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