Cadence: Q4 Earnings Snapshot

Cadence: Q4 Earnings Snapshot

SAN JOSE, Calif. (AP) — SAN JOSE, Calif. (AP) — Cadence Design Systems Inc. (CDNS) on Monday reported fourth-quarter profit of $323.9 million. The San Jose, California-based company said it had profit of $1.19 per share. Earnings, adjusted for one-time gains and costs, came to $1.38 per share. The results topped Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of $1.34 per share. The maker of hardware and software products for …