Cadence Design Systems Q4 Earnings Advance 13%

(RTTNews) - Cadence Design Systems (CDNS) released a profit for its fourth quarter that increased from last year.

The company said its bottom line climbed to $95.09 million, or $0.31 per share. This was higher than $84.42 million, or $0.27 per share, in last year's fourth quarter.

Analysts had expected the company to earn $0.29 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 4.2% to $441.08 million. This was up from $423.10 million last year.

Cadence Design Systems earnings at a glance:

-Earnings (Q4): $95.09 Mln. vs. $84.42 Mln. last year. -Earnings Growth (Y-o-Y): 12.6% -EPS (Q4): $0.31 vs. $0.27 last year. -EPS Growth (Y-o-Y): 14.8% -Analysts Estimate: $0.29 -Revenue (Q4): $441.08 Mln vs. $423.10 Mln last year. -Revenue Change (Y-o-Y): 4.2%

-Guidance: Next quarter EPS guidance: $0.26 - $0.28 Next quarter revenue guidance: $440 - $450 Mln Full year EPS guidance: $1.15 - $1.25 Full year revenue guidance: $1.79 - $1.84 Bln