Cadence Design Sys Q3 2024 Adj EPS $1.64 Beats $1.44 Estimate, Sales $1.22B Beat $1.18B Estimate
Portfolio Pulse from Benzinga Newsdesk
Cadence Design Systems reported Q3 2024 earnings per share of $1.64, surpassing the expected $1.44. Sales reached $1.22 billion, exceeding the $1.18 billion estimate and marking an 18.77% increase from the previous year.
October 28, 2024 | 8:04 pm
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Cadence Design Systems reported better-than-expected Q3 2024 earnings, with EPS of $1.64 beating the $1.44 estimate and sales of $1.22 billion surpassing the $1.18 billion forecast. This performance represents a significant 18.77% increase in sales compared to the same period last year.
The earnings and sales figures both exceeded analyst expectations, which is typically a positive indicator for stock performance. The significant year-over-year sales growth further strengthens the positive outlook for Cadence Design Systems.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100