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Cadence Design announced earnings per share of $0.66 on revenue of $638.4M. Analysts polled by Investing.com anticipated EPS of $0.52 on revenue of $591.1M.
Cadence Design shares are up 49% from the beginning of the year , still down 0.42% from its 52 week high of $104.31 set on July 20. They are outperforming the S&P 500 which is up 0.66% from the start of the year.
Cadence Design’s report follows an earnings beat by Taiwan Semiconductor on Wednesday, who reported EPS of $0.79 on revenue of $10.55B, compared to forecasts EPS of $0.72 on revenue of $10.38B.
Accenture had beat expectations on June 25 with third quarter EPS of $1.9 on revenue of $10.99B, compared to forecast for EPS of $1.86 on revenue of $10.72B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com’s earnings calendar
