Earnings Wrap: SLAB, CDNS, EFI

Folks, I’ve been remissing in not mentioning some of the less prominent earnings this evening:

Cadence Design Systems (CDNS) reported Q3 revenue fell 7% to $216 million, ahead of estimates of $214.8 million, while the company’s profit of 3 cents per share was ahead of the average 1-cent loss estimate. The company forecast Q4 sales and profit in line with estimates, at $215 million to $225 million and profit per share of 2 cents to 4 cents,versus the $220.6 milllion and 1-cent estimates.Shares were unchanged at$ 7.03 in after-hours trading after falling 4.4% during the regular

session.

Electronics for Imaging (EFII) reported Q3 revenue fell almost a third to $100.9 million, with a net loss per share of five cents, better than the consensus estimate

of $93.9 million and a loss of ten cents. The company’s board approved rhe repurchase of $70 million worth of the company’s stock through a modified Dutch auction tender offer, it said. The stock was unchanged at $11.45 in after-hours trading.

Silicon Labs reported Q3 revenue rose 11% year over year and 20% from the prior quarter to $125.9 million, yielding profit per share of 67 cents, ahead of the average $123.8 million and 60-cent estimate. For Q4 the company forecast profit per share of 60 cents to 63 cents, ahead of the average 60-cent estimate. Shares fell a penny to $41.04 in after-hours trading.