Cadence Design Sys Q3 Adj. EPS $2.11 Beats $2.04 Estimate, Sales $1.633B Beat $1.613B Estimate

Cadence Design Sys (NASDAQ:CDNS) reported quarterly earnings of $2.11 per share which beat the analyst consensus estimate of $2.04 by 2.93 percent. This is a 9.33 percent increase over earnings of $1.93 per share from the same period last year. The company reported quarterly sales of $1.633 billion which beat the analyst consensus estimate of $1.613 billion by 1.24 percent. This is a 17.58 percent increase over sales of $1.389 billion the same period last year.