U.S. stocks move differently | Second quarter results exceed expectations, Cadence Design Systems (CDNS.US) surges more than 9%

According to the Wise Finance APP, on Tuesday, Cadence Design Systems (CDNS.US) surged over 9%, hitting a record high of $364.24. On the news front, the company reported second-quarter non-GAAP diluted net income of $1.65 per share on Monday, up from $1.28 per share in the same period last year, exceeding analysts' expectations of $1.56 per share from FactSet's survey. Quarterly revenue was $1.28 billion, higher than $1.06 billion in the same period last year, with analysts forecasting $1.25 billion. The company stated that it expects adjusted earnings per share for fiscal year 2025 to be between $6.85 and $6.95, with revenue ranging from $52.1 billion to $52.7 billion.