Here's What Key Metrics Tell Us About Cadence (CADE) Q4 Earnings

For the quarter ended December 2023, Cadence (CADE) reported revenue of $23.15 million, down 95.1% over the same period last year. EPS came in at $0.40, compared to $0.78 in the year-ago quarter.The reported revenue compares to the Zacks Consensus Estimate of $433.99 million, representing a surprise of -94.67%. The company delivered an EPS surprise of -24.53%, with the consensus EPS estimate being $0.53.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Str ...