Benzinga | Jul 26, 2021 04:47PM EDT

Cadence Design Systems Q2 EPS $0.86 Beats $0.76 Estimate, Sales $728.28M Beat $721.16M Estimate

Cadence Design Systems (NASDAQ:CDNS) reported quarterly earnings of $0.86 per share which beat the analyst consensus estimate of $0.76 by 13.16 percent. This is a 30.3 percent increase over earnings of $0.66 per share from the same period last year. The company reported quarterly sales of $728.28 million which beat the analyst consensus estimate of $721.16 million by 0.99 percent. This is a 14.08 percent increase over sales of $638.42 million the same period last year.