Cadence Design Systems (CDNS) Q1 Earnings Top Estimates

Cadence Design Systems (CDNS) came out with quarterly earnings of $1.17 per share, beating the Zacks Consensus Estimate of $1.13 per share. This compares to earnings of $1.29 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 3.54%. A quarter ago, it was expected that this maker of hardware and software products for validating chip designs would post earnings of $1.34 per share when it actually produced earnings of $1.38, deliver ...