Cadence Design Systems (NASDAQ:CDNS) reported its Q4 earnings results on Tuesday, February 22, 2022 at 04:05 PM.
Here's what investors need to know about the announcement.
Earnings
Cadence Design Systems beat estimated earnings by 7.89%, reporting an EPS of $0.82 versus an estimate of $0.76.
Revenue was up $13.13 million from the same period last year.
Past Earnings Performance
Last quarter the company beat on EPS by $0.05 which was followed by a 3.32% increase in the share price the next day.
Here's a look at Cadence Design Systems's past performance:
| Quarter | Q3 2021 | Q2 2021 | Q1 2021 | Q4 2020 |
|---|---|---|---|---|
| EPS Estimate | 0.75 | 0.76 | 0.75 | 0.74 |
| EPS Actual | 0.80 | 0.86 | 0.83 | 0.83 |
| Revenue Estimate | 743.65M | 721.16M | 717.79M | 732.01M |
| Revenue Actual | 750.89M | 728.28M | 736.03M | 759.91M |
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This article was generated by Benzinga's automated content engine and reviewed by an editor.
