Edition:
United Kingdom

Cadence Reports Q4 GAAP Earnings Per Share $0.36


Tuesday, 19 Feb 2019 

Feb 19 (Reuters) - Cadence Design Systems Inc ::CADENCE REPORTS FOURTH QUARTER AND FISCAL YEAR 2018 FINANCIAL RESULTS.SEES FY 2019 GAAP EARNINGS PER SHARE $1.33 TO $1.43.SEES Q1 GAAP EARNINGS PER SHARE $0.36 TO $0.38.Q4 GAAP EARNINGS PER SHARE $0.36.SEES FY 2019 REVENUE $2.27 BILLION TO $2.31 BILLION.SEES Q1 2019 REVENUE $565 MILLION TO $575 MILLION.SEES FY 2019 NON-GAAP EARNINGS PER SHARE $1.97 TO $2.07.Q4 REVENUE $570 MILLION VERSUS REFINITIV IBES ESTIMATE OF $550.3 MILLION.Q4 EARNINGS PER SHARE ESTIMATE $0.47 -- REFINITIV IBES DATA.UNDER ASC TOPIC 605, FOR Q4 2018, REPORTED REVENUE OF $579 MILLION VERSUS $502 MILLION REPORTED FOR SAME PERIOD IN 2017.UNDER ASC TOPIC 606, QTRLY GAAP NET INCOME $0.35 PER SHARE.UNDER ASC TOPIC 606, QTRLY NON-GAAP NET INCOME $0.52 PER SHARE.UNDER ASC TOPIC 605, QTRLY NON-GAAP NET INCOME $0.51 PER SHARE.IN FEBRUARY 2019, BOARD OF DIRECTORS AUTHORIZED REPURCHASE OF AN ADDITIONAL $500 MILLION OF CADENCE COMMON STOCK.SEES Q1 NON-GAAP EARNINGS PER SHARE $0.48 TO $0.50.Q1 EARNINGS PER SHARE VIEW $0.46, REVENUE VIEW $549.2 MILLION -- REFINITIV IBES DATA.