Investing.com - Cadence Design reported on Monday third quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Cadence Design announced earnings per share of $0.8 on revenue of $750.9M. Analysts polled by Investing.com anticipated EPS of $0.7474 on revenue of $742.04M.
Cadence Design shares are up 22% from the beginning of the year , still down 1.29% from its 52 week high of $169.57 set on Monday, October 25, 2021. They are outperforming the Nasdaq 100 which is up 20.37% year to date.
Cadence Design follows other major Technology sector earnings this month
Cadence Design's report follows an earnings beat by Facebook on Monday, who reported EPS of $3.22 on revenue of $29.01B, compared to forecasts EPS of $3.19 on revenue of $29.58B.
Taiwan Semiconductor had beat expectations on Thursday, October 14, 2021 with third quarter EPS of $1.07 on revenue of $14.75B, compared to forecast for EPS of $1.04 on revenue of $14.81B.
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