Benzinga | Jul 20, 2020 04:07PM EDT

Cadence Design Systems Q2 EPS $0.66 Beats $0.52 Estimate, Sales $638.00M Beat $592.79M Estimate

Cadence Design Systems (NASDAQ:CDNS) reported quarterly earnings of $0.66 per share which beat the analyst consensus estimate of $0.52 by 26.92 percent. This is a 15.79 percent increase over earnings of $0.57 per share from the same period last year. The company reported quarterly sales of $638.00 million which beat the analyst consensus estimate of $592.79 million by 7.63 percent. This is a 9.92 percent increase over sales of $580.42 million the same period last year.