Wednesday, Cadence Design Systems Inc. (CDNS) reported a third-quarter net loss of $14 million or $0.05 per share, compared to a loss of $171 million or $0.67 per share in the same quarter last year.
On a non-GAAP basis, net income for the quarter was $7 million or $0.03 per share, compared to a loss of $23 million or $0.09 per share in the year ago quarter.
On average, six analysts polled by Thomson Reuters expected the company to report a loss of $0.01 per share for the quarter. Analysts' estimates typically exclude special items.
Revenue for the quarter was $216 million, down from $232 million in the comparable quarter last year. Analysts expected the company to report revenue of $214.80 million for the quarter.
Looking ahead to the fourth quarter, the company expects total revenue in the range of $215 million - $225 million with a net loss in the range of $0.08 - $0.06 per share. On a non-GAAP basis, net income is expected to be in the range of $0.02 - $0.04 per share. Analysts currently anticipate the company to earn $0.01 per share on revenue of $220.80 million for the quarter.
For the full year 2009, the company expects total revenue in the range of $845 million - $855 million with a net loss in the range of $0.66 - $0.64 per share, compared to the prior guidance of total revenue in the range of $830 million - $870 million with a net loss in the range of $0.81 - $0.69 per share. On a non-GAAP basis, net loss is expected to be in the range of $0.10 - $0.08 per share, compared to the previous range of $0.20- $0.08 per share. Analysts currently anticipate the company to report a loss of $0.14 per share on revenue of $851.62 million for the quarter.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.