Cadence Design Systems Sinks 8%+ After Hours Despite Q1 Earnings Beat
$Cadence Design Systems(CDNS.US$ sank some 8% after hours Monday despite the tech company beating analyst estimates for Q1 sales and adjusted earnings per share.
CDNS fell 8.6% to $260.50 shortly before 4:30 p.m. ET after the firm disclosed that it earned $1.17 in adjusted earnings per share, beating the $1.13 that analysts had reportedly expected.
The company also said sales came in at $1.009 billion, slightly exceeding analysts' $1.002 billion reported consensus forecast.
However, the company's guidance apparently disappointed markets.
Cadence said that it currently earnings per share to come in at between $1.20 and $1.24 in Q2, as well as $5.88 to $5.98 for the year as a whole.
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Money Thrill : Good performance... not a problem for me
Get away with some analysts 
Money Thrill : Apparently never enough and dissatisfied but unjustified
