Cadence Design beats by $0.04, reports revs in-line; guides Q2 EPS below consensus, revs below consensus; guides FY24 EPS in-line, revs in-line
4:05 PM ET 4/22/24 | Briefing.com
Reports Q1 (Mar) earnings of $1.17 per share, excluding non-recurring items, $0.04 better than the FactSet Consensus of $1.13; revenues fell 1.2% year/year to $1.01 bln vs the $1 bln FactSet Consensus.Non-GAAP operating margin of 38%, compared to 42% in Q1 2023.Co issues downside guidance for Q2, sees EPS of $1.20-$1.24, excluding non-recurring items, vs. $1.43 FactSet Consensus; sees Q2 revs of $1.03-$1.05 bln vs. $1.11 bln FactSet Consensus. Co issues in-line guidance for FY24, sees EPS of $5.88-$5.98, excluding non-recurring items, vs. $5.93 FactSet Consensus; sees FY24 revs of $4.56-$4.62 bln vs. $4.59 bln FactSet Consensus. |
