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Technology Stocks : Semi Equipment Analysis

SOXX 314.52

-0.6%

Dec 11 4:00 PM EST

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The Ox

To: Return to Sender who wrote (90063)	4/24/2023 5:10:23 PM
From: Return to Sender	1 Recommendation Read Replies (1) of 95572

Cadence Design beats by $0.04, beats on revs; guides Q2 EPS below consensus, revs below consensus; guides FY23 EPS in-line, revs in-line 4:13 PM ET 4/24/23 \| Briefing.com Reports Q1 (Mar) earnings of $1.29 per share, excluding non-recurring items, $0.04 better than the S&P Capital IQ Consensus of $1.25; revenues rose 13.3% year/year to $1.02 bln vs the $1.01 bln S&P Capital IQ Consensus. Co issues downside guidance for Q2, sees EPS of $1.15-1.19, excluding non-recurring items, vs. $1.26 S&P Capital IQ Consensus; sees Q2 revs of $960-980 mln vs. $1.00 bln S&P Capital IQ Consensus. Co issues in-line guidance for FY23, sees EPS of $4.96-5.04, excluding non-recurring items, vs. $4.98 S&P Capital IQ Consensus; sees FY23 revs of $4.03-4.07 bln vs. $4.04 bln S&P Capital IQ Consensus. CDNS Down after hours - $203.20 -9.78 (-4.59%) RtS

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