Cadence Design Systems (CDNS) Surpasses Q3 Earnings and Revenue Estimates

Cadence Design Systems (CDNS) came out with quarterly earnings of $1.64 per share, beating the Zacks Consensus Estimate of$ 1.44 per share. This compares to earnings of $1.26 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 13.89%. A quarter ago, it was expected that this maker of hardware and software products for validating chip designs would post earnings of$ 1.23 per share when it actually produced earnings of $1.28, deliv ...