Recap: Cadence Design Systems Q3 Earnings

Cadence Design Systems CDNS reported its Q3 earnings results on Monday, October 25, 2021 at 04:05 PM.

Here's what investors need to know about the announcement.

Cadence Design Systems beat their estimated earnings by 6.67%, which did not surprise analysts.

Revenue was up $84,288,000 from the same period last year.

Last quarter the company beat on EPS by $0.1, which was followed by a 1.17% drop in the share price the next day.

Here's a look at Cadence Design Systems's past performance and the resulting price change:

Quarter	Q2 2021	Q1 2021	Q4 2020	Q3 2020
EPS Estimate	0.76	0.75	0.74	0.61
EPS Actual	0.86	0.83	0.83	0.70
Revenue Estimate	721.16M	717.79M	732.01M	641.47M
Revenue Actual	728.28M	736.03M	759.91M	666.61M

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