| | | Cadence Design beats by $0.04, beats on revs; guides Q1 EPS above consensus, revs above consensus; guides FY23 EPS above consensus, revs above consensus
4:11 PM ET 2/13/23 | Briefing.com
Reports Q4 (Dec) earnings of $0.96 per share, excluding non-recurring items, $0.04 better than the S&P Capital IQ Consensus of $0.92; revenues rose 16.4% year/year to $899.88 mln vs the $884.23 mln S&P Capital IQ Consensus. Co issues upside guidance for Q1, sees EPS of $1.23-1.27, excluding non-recurring items, vs. $1.09 S&P Capital IQ Consensus; sees Q1 revs of $1.00-1.02 bln vs. $934.98 mln S&P Capital IQ Consensus. Co issues upside guidance for FY23, sees EPS of $4.90-5.00, excluding non-recurring items, vs. $4.70 S&P Capital IQ Consensus; sees FY23 revs of $4.00-4.06 bln vs. $3.9 bln S&P Capital IQ Consensus.
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