Cadence Design stock slips on in-line results
Cadence Design Systems Inc. shares declined in the extended session Monday after the chip-design software company reported results in-line with Wall Street estimates. Cadence shares fell 3.7% after hours, following a 0.4% decline to close the regular session at $72.66. The company reported second-quarter net income of $107.2 million, or 38 cents a share, compared with $75.1 million, or 27 cents a share, in the year-ago period. Adjusted earnings were 57 cents a share. Revenue rose to $580.4 million... Читать дальше...