Cadence's Q3 Earnings & Revenues Top Estimates, Surge Y/Y, Stock Jumps

Cadence Design Systems (CDNS) reported third-quarter 2024 non-GAAP earnings per share (EPS) of $1.64, which beat the Zacks Consensus Estimate by 13.9%. The bottom-line number increased 30.2% year over year, exceeding management’s guided range of$ 1.39- $1.49.Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar.Revenues of$ 1.215 billion topped the Zacks Consensus Estimate by 2.7% and increased 18.8% year over year. The figure surpassed management’s guided range of $1.165-$ 1.195 billion. R ...