logo
  

Cadence Design Systems Lifts FY21 Outlook

Cadence Design Systems (CDNS) Monday lifted its outlook for the full year 2021. The company now expects earnings of $3.24 to $3.28 per share on revenues of $2.96 billion to $2.98 billion.

Analysts polled by Thomson Reuters currently estimate earnings of $3.17 per share on revenues of $2.95 billion for the quarter.

Previously, the company expected earnings of $3.14 to $3.20 per share and revenues of $2.925 billion to $2.965 billion.

"We exceeded our guidance on all key metrics for the third quarter and as a result, I am pleased to raise our outlook for the year," said John Wall, senior vice president and chief financial officer.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
Cryptocurrency Dogecoin's price jumped over 15% on Friday, but later lost some of the gains, after Tesla Inc. (TSLA) CEO Elon Musk announced that the luxury car maker will start accepting the meme cryptocurrency as payment for its merchandise. "Tesla merch buyable with Dogecoin," Musk tweeted on Friday. Dogecoin... US investment bank JPMorgan Chase & Co. reported Friday a profit for the fourth quarter that declined 14 percent from last year, hurt primarily by higher noninterest expense and lower credit reserve releases. Both adjusted earnings per share and revenues for the quarter topped analysts' expectations. Microsoft Corp. said its Board of Directors has initiated a review of the effectiveness of its workplace sexual harassment and gender discrimination policies and practices. The company has hired the law firm of Arent Fox to conduct the review mainly on sexual harassment investigations, including that of co-founder Bill Gates.
Follow RTT