SAN JOSE, Calif. (AP) 鈥� SAN JOSE, Calif. (AP) 鈥� Cadence Design Systems Inc. (CDNS) on Monday reported second-quarter earnings of $367.1 million.
The San Jose, California-based company said it had profit of $1.33 per share. Earnings, adjusted for one-time gains and costs, were $2.11 per share.
The results topped Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of $2.05 per share.
The maker of hardware and software products for validating chip designs posted revenue of $1.58 billion in the period, which matched Street forecasts.
For the current quarter ending in September, Cadence expects its per-share earnings to range from $2.01 to $2.07.
The company expects full-year earnings in the range of $8.05 to $8.15 per share, with revenue ranging from $6.26 billion to $6.34 billion.
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