Investing.com - Cadence Design (NASDAQ:CDNS) reported third quarter earnings that beat analysts' expectations on Monday and revenue that topped forecasts.
The firm reported earnings per share of $0.54 on revenue of $579.6M. Analysts polled by Investing.com expected EPS of $0.51 on revenue of $576.1M. That compared to EPS of $0.49 on revenue of $532.47M in the same period a year earlier. The company had reported EPS of $0.57 on revenue of $580.42M in the previous quarter.
Cadence Design shares gained 4.24% to trade at $69.50 in after-hours trade following the report.
Cadence Design follows other major Technology sector earnings this month
On Thursday, Taiwan Semiconductor reported third quarter EPS of $0.64 on revenue of $9.58B, compared to forecasts of EPS of $0.61 on revenue of $9.25B.
SAP ADR earnings beat analysts' expectations on October 10, with third quarter EPS of $1.43 on revenue of $7.52B. Investing.com analysts expected EPS of $1.32 on revenue of $7.47B
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