Benzinga | Feb 22, 2021 04:18PM EST

Cadence Design Systems Q4 EPS $0.83 Beats $0.74 Estimate, Sales $759.91M Beat $732.01M Estimate

Cadence Design Systems (NASDAQ:CDNS) reported quarterly earnings of $0.83 per share which beat the analyst consensus estimate of $0.74 by 12.16 percent. This is a 53.7 percent increase over earnings of $0.54 per share from the same period last year. The company reported quarterly sales of $759.91 million which beat the analyst consensus estimate of $732.01 million by 3.81 percent. This is a 26.75 percent increase over sales of $599.55 million the same period last year.