Cadence Design Systems Inc (CDNS)

[eastunder]

Cadence Design Systems Warns

(They certainly deserve to get smack down with this warning!)

Wednesday, July 23, 2008 18:21ET

Jul 23, 2008 (EarningsWhispers Guidance Summaries via Comtex) -- Cadence Design Systems Inc. (NASDAQ: CDNS) said it expects a third quarter loss of $0.11 to $0.09 per share on revenue of $235.0 million to $245.0 million.

The current consensus earnings estimate is $0.33 per share on revenue of $412.8 million for the quarter ending September 30, 2008.

****The company also said it expects 2008 earnings of $0.01 to $0.05 per share on revenue of $1.12 billion to $1.14 billion.***

(That's ridiculous!)

The company's previous guidance was earnings of $1.14 to $1.22 per share and continues to expect revenue of $1.49 billion to $1.54 billion and the current consensus earnings estimate is $0.90 per share on revenue of $1.51 billion for the year ending December 31, 2008.

This earnings guidance summary was provided by EarningsWhispers, a leading provider of earnings expectations - including corporate guidance announcements and analysts' expectations that differ from published estimates. http://www.earningswhispers.com