Cadence Design Sys Q2 2024 Adj EPS $1.28 Beats $1.22 Estimate, Sales $1.061B Beat $1.043B Estimate
Portfolio Pulse from Benzinga Newsdesk
Cadence Design Systems (NASDAQ: CDNS) reported Q2 2024 adjusted EPS of $1.28, beating the estimate of $1.22. Sales were $1.061 billion, surpassing the $1.043 billion estimate and showing an 8.64% increase from the same period last year.
July 22, 2024 | 8:02 pm
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Cadence Design Systems reported better-than-expected Q2 2024 earnings and sales, with EPS of $1.28 beating the $1.22 estimate and sales of $1.061 billion surpassing the $1.043 billion estimate. This represents an 8.64% increase in sales from the same period last year.
The company's better-than-expected earnings and sales figures, along with a significant year-over-year increase in sales, are likely to positively impact the stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100