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Cadence Design announced earnings per share of $0.86 on revenue of $728.3M. Analysts polled by Investing.com anticipated EPS of $0.7591 on revenue of $720.62M.
Cadence Design shares are up 6% from the beginning of the year, still down 2.67% from its 52 week high of $148.98 set on February 16. They are under-performing the Nasdaq 100 which is up 17.36% from the start of the year.
Cadence Design’s report follows an earnings missed by Taiwan Semiconductor on July 15, who reported EPS of $0.929 on revenue of $13.35B, compared to forecasts EPS of $0.9296 on revenue of $13.23B.
Intel had beat expectations on Thursday with second quarter EPS of $1.28 on revenue of $18.53B, compared to forecast for EPS of $1.07 on revenue of $17.81B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com’s earnings calendar
