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
The TJX Companies, Inc. (TJX) said its first-quarter pretax profit margin and earnings per share, each on an adjusted basis, exceeded its plans even though sales were slightly below planned range. Adjusted pretax margin was 9.4%, excluding a 1.9 percentage point charge related to a write-down of the... Apple Inc. is delaying its latest plan to ask employees to come back to the office three days a week, but will continue with its plan of two days in office a week, Bloomberg reported. Citing an internal memo, the report also said the tech major is again requiring its staff to wear masks in common spaces, meeting rooms, hallways, and elevators, as well as at 100 US stores. The U.S. Food and Drug Administration or FDA has urged infant formula manufacturers to import infant formula products to the United States to meet the ongoing severe supply shortage. In order to further increase the availability of infant formula in the country, while protecting the health of infants, the regulator announced a guidance outlining increased flexibilities for the global manufacturers
Follow RTT