TECH - Cadence Design Systems Reports Q1 Guides Below Q2 Estimates | Benzinga
Cadence Design Systems, Inc. (NASDAQ:CDNS) reported its first-quarter financial results after the bell Monday. Here's a look at the details.
The Details: The company reported quarterly earnings of $1.17 per share which beat the analyst consensus estimate of $1.13 by 3.54%.
Quarterly sales clocked in at $1.009 billion which beat the analyst consensus estimate of $1.002 billion by 0.67%.
Cadence Design reported Non-GAAP operating margin of 38%, compared to 42% from the same quarter in 2023.
“Q1 was a ...