Benzinga | Oct 25, 2021 04:18PM EDT

Recap: Cadence Design Systems Q3 Earnings

Cadence Design Systems (NASDAQ:CDNS) reported its Q3 earnings results on Monday, October 25, 2021 at 04:05 PM.

Here's what investors need to know about the announcement.

Earnings

Cadence Design Systems beat their estimated earnings by 6.67%, which did not surprise analysts.

Revenue was up $84,288,000 from the same period last year.

Past Earnings Performance

Last quarter the company beat on EPS by $0.1, which was followed by a 1.17% drop in the share price the next day.

Here's a look at Cadence Design Systems's past performance and the resulting price change:



Quarter Q2 2021 Q1 2021 Q4 2020 Q3 2020EPS Estimate 0.76 0.75 0.74 0.61EPS Actual 0.86 0.83 0.83 0.70Revenue Estimate 721.16M 717.79M 732.01M 641.47MRevenue Actual 728.28M 736.03M 759.91M 666.61M

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