Investing.com - Cadence Design (NASDAQ:CDNS) reported on Monday third quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Cadence Design announced earnings per share of $0.7 on revenue of $666.6M. Analysts polled by Investing.com anticipated EPS of $0.61 on revenue of $642.14M.
Cadence Design shares are up 63% from the beginning of the year, still down 3.87% from its 52 week high of $118.16 set on October 14. They are outperforming the Nasdaq 100 which is up 33.22% from the start of the year.
Cadence Design shares gained 0.80% in after-hours trade following the report.
Cadence Design follows other major Technology sector earnings this month
Cadence Design's report follows an earnings matched by Taiwan Semiconductor on Wednesday, who reported EPS of $0.92 on revenue of $12.4B, compared to forecasts EPS of $0.92 on revenue of $12.4B.
Accenture had missed expectations on September 24 with fourth quarter EPS of $1.7 on revenue of $10.84B, compared to forecast for EPS of $1.73 on revenue of $10.93B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar