Cadence Design Systems Reports 0% Rise In Q4 Profit

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

The company said its bottom line advanced to $95.17 million, or $0.34 per share. This was up from $95.09 million, or $0.31 per share, in last year's fourth quarter.

Analysts had expected the company to earn $0.33 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 6.3% to $468.98 million. This was up from $441.08 million last year.

Cadence Design Systems earnings at a glance:

-Earnings (Q4): $95.17 Mln. vs. $95.09 Mln. last year. -Earnings Growth (Y-o-Y): 0.1% -EPS (Q4): $0.34 vs. $0.31 last year. -EPS Growth (Y-o-Y): 9.7% -Analysts Estimate: $0.33 -Revenue (Q4): $468.98 Mln vs. $441.08 Mln last year. -Revenue Change (Y-o-Y): 6.3%

-Guidance: Next quarter EPS guidance: $0.30 - $0.32 Next quarter revenue guidance: $470- $480 Mln