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Investing.com – Cadence Design (NASDAQ:) reported on Tuesday fourth quarter that beat analysts’ forecasts and income that topped expectations.
Cadence Design introduced earnings per share of $0.82 on income of $773.04M. Analysts polled by Investing.com anticipated EPS of $0.7804 on income of $757.37M.
Cadence Design shares are down 27% from the start of the 12 months, nonetheless down 29.83% from its 52 week excessive of $192.70 set on December 28, 2021. They’re under-performing the S&P 500 which is down 9.66% from the beginning of the 12 months.
Cadence Design shares gained 2.80% in after-hours commerce following the report.
Cadence Design follows different main Info Expertise sector earnings this month
Cadence Design’s report follows an earnings beat by Apple on January 27, who reported EPS of $2.1 on income of $123.95B, in comparison with forecasts EPS of $1.9 on income of $119B.
Microsoft had beat expectations on January 25 with second quarter EPS of $2.48 on income of $51.73B, in comparison with forecast for EPS of $2.32 on income of $50.74B.
Keep up-to-date on all the upcoming earnings reviews by visiting Investing.com’s earnings calendar
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