Cadence Design Sys Q4 2023 Adj EPS $1.38 Beats $1.33 Estimate, Sales $1.07B Beat $1.06B Estimate
Portfolio Pulse from Benzinga Newsdesk
Cadence Design Systems (CDNS) reported Q4 2023 adjusted EPS of $1.38, surpassing the $1.33 estimate, with sales of $1.07B exceeding the $1.06B estimate. This represents an 18.79% increase in sales compared to the same period last year.
February 12, 2024 | 9:04 pm
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Cadence Design Systems reported a strong Q4 2023 performance with adjusted EPS of $1.38 and sales of $1.07B, both exceeding analyst estimates.
The positive earnings and sales beat by Cadence Design Systems indicate strong financial health and operational efficiency, likely leading to increased investor confidence and potential stock price appreciation in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100