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Cadence Design Systems Inc Issues Q4 2013 Guidance In Line With Analysts' Estimates; Narrows FY 2013 Guidance To A Range In Line With Analysts' Estimates


Wednesday, 23 Oct 2013 04:05pm EDT 

Cadence Design Systems Inc announced that for the fourth quarter of 2013, it expects total revenue in the range of $370 million to $380 million. Fourth quarter GAAP net income per diluted share is expected to be in the range of $0.11 to $0.13. Net income per diluted share (EPS) using the non-GAAP measure is expected to be in the range of $0.22 to $0.24. For fiscal 2013, the Company expects total revenue in the range of $1.453 billion to $1.463 billion. On a GAAP basis, net income per diluted share for 2013 is expected to be in the range of $0.55 to $0.56. Using the non-GAAP measure, net income per diluted share for 2013 is expected to be in the range of $0.85 to $0.86. According to I/B/E/S Estimates, analysts on an average are expecting the Company to report revenue of $379 million and EPS of $0.23 for the fourth quarter of 2013; and revenue of $1.462 billion and EPS of $0.86 for fiscal 2013. 

Company Quote

17.24
-0.15 -0.86%
2:21pm EDT