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Cadence Design announced earnings per share of $1.06 on revenue of $903.00. Analysts polled by Investing.com anticipated EPS of $0.96 on revenue of $871.2M.
Cadence Design shares are down 14% from the beginning of the year, still down 17.82% from its 52 week high of $194.97 set on August 16.
Cadence Design shares gained 1.08% in after-hours trade following the report.
Cadence Design’s report follows an earnings beat by Taiwan Semiconductor on October 13, who reported EPS of $1.79 on revenue of $20.23B, compared to forecasts EPS of $1.65 on revenue of $19.44B.
ASML ADR had beat expectations on Wednesday with third quarter EPS of $4.29 on revenue of $5.78B, compared to forecast for EPS of $3.96 on revenue of $5.68B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com’s earnings calendar
