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Cadence Design Systems Inc Issues Q3 2013 Guidance In Line With Analysts' Estimates; Reaffirms FY 2013 Guidance


Wednesday, 24 Jul 2013 04:05pm EDT 

Cadence Design Systems Inc announced that for the third quarter of 2013, it expects total revenue in the range of $360 million to $370 million. GAAP net income per diluted share is expected to be in the range of $0.08 to $0.10. 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 $1.445 billion to $1.465 billion. On a GAAP basis, net income per diluted share for 2013 is expected to be in the range of $0.45 to $0.54. Using the non-GAAP measure defined below, net income per diluted share for 2013 is expected to be in the range of $0.80 to $0.89. According to I/B/E/S Estimates, analysts are expecting the Company to report revenue $360 million and EPS of $0.20 for the third quarter of 2013; revenue $1.46 billion and EPS of $0.88 for fiscal 2013. 

Company Quote

17.39
-0.1 -0.57%
12:27pm EDT