Benzinga | Oct 19, 2020 04:06PM EDT

Cadence Design Systems Q3 EPS $0.70 Beats $0.61 Estimate, Sales $667.00M Beat $641.47M Estimate

Cadence Design Systems (NASDAQ:CDNS) reported quarterly earnings of $0.70 per share which beat the analyst consensus estimate of $0.61 by 14.75 percent. This is a 29.63 percent increase over earnings of $0.54 per share from the same period last year. The company reported quarterly sales of $667.00 million which beat the analyst consensus estimate of $641.47 million by 3.98 percent. This is a 15.08 percent increase over sales of $579.60 million the same period last year.