Cadence Design Systems: Q4 Earnings Insights - Cadence Design Sys (NASDAQ:CDNS)

Cadence Design Systems CDNS reported its Q4 earnings results on Tuesday, February 22, 2022 at 04:05 PM.

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

Cadence Design Systems beat estimated earnings by 7.89%, reporting an EPS of $0.82 versus an estimate of $0.76.

Revenue was up $13.13 million from the same period last year.

Last quarter the company beat on EPS by $0.05 which was followed by a 3.32% increase in the share price the next day.

Here's a look at Cadence Design Systems's past performance:

Quarter	Q3 2021	Q2 2021	Q1 2021	Q4 2020
EPS Estimate	0.75	0.76	0.75	0.74
EPS Actual	0.80	0.86	0.83	0.83
Revenue Estimate	743.65M	721.16M	717.79M	732.01M
Revenue Actual	750.89M	728.28M	736.03M	759.91M

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This article was generated by Benzinga's automated content engine and reviewed by an editor.