Lates News

Cadence Design Systems third-quarter revenue $1.63 billion, analysts expected $1.61 billion. Third-quarter adjusted earnings per share $2.11, analysts expected $2.05. Backlog at the end of the third quarter $8.2 billion. Third-quarter remaining debt to be repaid $4.2 billion, analysts expected $8.33 billion. Board approves an additional $2.5 billion share repurchase. Full-year revenue expected $6.39 billion-$6.42 billion, company previously expected $6.26 billion-$6.34 billion. Full-year adjusted EPS expected $8.37-$8.43, company previously expected $8.05-$8.15. Fourth-quarter adjusted EPS expected $2.19-$2.25, analysts expected $2.02.