Cadence Design Systems Q2 Profit Advances 0%

(RTTNews) - Cadence Design Systems (CDNS) released earnings for its second quarter that gained ground compared to the same period last year.

The company said its bottom line totaled $85.60 million, or $0.29 per share. This was higher than $85.37 million, or $0.27 per share, in last year's second quarter.

Analysts had expected the company to earn $0.28 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 8.9% to $453.02 million. This was up from $415.88 million last year.

Cadence Design Systems earnings at a glance:

-Earnings (Q2): $85.60 Mln. vs. $85.37 Mln. last year. -Earnings Growth (Y-o-Y): 0.3% -EPS (Q2): $0.29 vs. $0.27 last year. -EPS Growth (Y-o-Y): 7.4% -Analysts Estimate: $0.28 -Revenue (Q2): $453.02 Mln vs. $415.88 Mln last year. -Revenue Change (Y-o-Y): 8.9%

-Guidance: Next quarter EPS guidance: $0.27 - $0.29 Next quarter revenue guidance: $440 - $450 Mln Full year EPS guidance: $1.17 - $1.23 Full year revenue guidance: $1.80 - $1.83 Bln