Cadence Sees FY24 Adj. EPS $5.87-$5.93 Vs $5.89 Est.; Revenue $4.61B-$4.65B Vs $4.628B Est.
Portfolio Pulse from Benzinga Newsdesk
Cadence Design Systems has released its financial guidance for FY24, projecting adjusted EPS between $5.87 and $5.93, compared to the estimated $5.89. The company also forecasts revenue between $4.61 billion and $4.65 billion, against an estimate of $4.628 billion.
October 28, 2024 | 8:09 pm
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POSITIVE IMPACT
Cadence Design Systems' FY24 guidance shows a slight beat on both EPS and revenue estimates, indicating potential positive sentiment.
The guidance provided by Cadence Design Systems for FY24 shows a slight beat on both EPS and revenue estimates. This suggests that the company is performing slightly better than expected, which could lead to positive investor sentiment and a potential short-term increase in stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100