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Cadence Design Systems Inc Issues Q2 2013 Revenue Guidance Above Analysts' Estimates; Q2 2013 EPS Guidance Below Analysts' Estimates; Raises FY 2013 Guidance


Wednesday, 24 Apr 2013 04:05pm EDT 

Cadence Design Systems Inc announced that for the second quarter of 2013, it expects total revenue in the range of $355 million to $365 million. GAAP net income per diluted share is expected to be in the range of $0.10 to $0.12. Net income per diluted share using the non-GAAP measure defined below is expected to be in the range of $0.19 to $0.21. For fiscal 2013, it expects total revenue in the range of $1.440 billion to $1.470 billion. On a GAAP basis, net income per diluted share is expected to be in the range of $0.59 to $0.69. Using the non-GAAP measure defined below, net income per diluted share for 2013 is expected to be in the range of $0.81 to $0.91. According to I/B/E/S Estimates, analysts are expecting the Company to report revenue of $354 million and EPS of $0.22 for the second quarter of 2013; revenue of $1.433 billion and EPS of $0.89 for fiscal 2013. 

Company Quote

14.86
0.14 +0.95%
17 Apr 2014