Reported about 5 hours ago
Cadence Design Systems has projected its fourth-quarter profit to fall slightly below market estimates, attributing the dip to ongoing trade tensions between the US and China, which may negatively impact demand for its chip design software in the crucial Chinese market. The company anticipates an adjusted profit of $1.88 to $1.94 per share, slightly under analysts’ expectations of $1.92 per share, causing its shares to decrease by nearly 2% in after-hours trading. Despite challenges, Cadence has raised its full-year revenue forecast for 2025, indicating ongoing demand from global tech firms.
Source: YAHOO