Cadence Design Systems Bottom Line Climbs 12% In Q3

(RTTNews) - Cadence Design Systems (CDNS) revealed earnings for its third quarter that advanced from last year.

The company said its bottom line totaled $88.85 million, or $0.28 per share. This was up from $79.55 million, or $0.26 per share, in last year's third quarter.

Analysts had expected the company to earn $0.26 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 8.3% to $433.76 million. This was up from $400.50 million last year.

Cadence Design Systems earnings at a glance:

-Earnings (Q3): $88.85 Mln. vs. $79.55 Mln. last year. -Earnings Growth (Y-o-Y): 11.7% -EPS (Q3): $0.28 vs. $0.26 last year. -EPS Growth (Y-o-Y): 7.7% -Analysts Estimate: $0.26 -Revenue (Q3): $433.76 Mln vs. $400.50 Mln last year. -Revenue Change (Y-o-Y): 8.3%

-Guidance: Next quarter EPS guidance: $0.28 - $0.30 Next quarter revenue guidance: $434 - $444 Mln Full year EPS guidance: $1.06 - $1.08 Full year revenue guidance: $1.695 - $1.705 Bln