Benzinga | Oct 25, 2021 04:07PM EDT

Cadence Design Systems Q3 EPS $0.80 Beats $0.75 Estimate, Sales $751.00M Beat $743.65M Estimate

Cadence Design Systems (NASDAQ:CDNS) reported quarterly earnings of $0.80 per share which beat the analyst consensus estimate of $0.75 by 6.67 percent. This is a 14.29 percent increase over earnings of $0.70 per share from the same period last year. The company reported quarterly sales of $751.00 million which beat the analyst consensus estimate of $743.65 million by 0.99 percent. This is a 12.66 percent increase over sales of $666.61 million the same period last year.