A Look at Five Stocks in Spotlight Following Earnings Reports

Cadence EPS Ahead of Expectations

Cadence Design Systems Inc (NASDAQ:CDNS) earned $0.29 per share on revenue of $453.02 million in the second quarter, beating the consensus estimates by $0.01 per share and $3.48 million, respectively. Sales advanced by 8.9% year-over-year as demand for the company’s Palladium Z1 emulation platform led to a record quarter for hardware revenue. For full 2016, management sees adjusted EPS coming in at $1.17 to $1.23 and revenue of $1.8 billion to $1.83 billion. Shares of Cadence are up over 25% year-to-date so far. A total of 31 investors tracked by Insider Monkey owned shares of Cadence Design Systems Inc (NASDAQ:CDNS) at the end of the first quarter, down by one from the previous quarter.

Texas Reports a Strong Quarter

Texas Instruments Incorporated (NASDAQ:TXN) shares have surged by more than 6% after the semiconductor-maker beat both top and bottom line expectations with second-quarter EPS of $0.76 on sales of $3.27 billion for its second quarter. Analysts were expecting EPS of $0.73 and revenue of $3.2 billio. Gross margin came in at 61.2%, while free cash flow for the trailing 12 months rose by 7% year-over-year to $3.9 billion. Management also returned $4.1 billion to shareholders through stock repurchases and dividends in the same time period. Management sees third-quarter EPS in the range of $0.81 to $0.91 and revenue coming in at $3.34 billion to $3.62 billion. A total of 32 funds owned $844.36 million worth of Texas Instruments Incorporated (NASDAQ:TXN)’s stock, which accounted for 1.50% of the float on March 31, versus 38 funds and $864.71 million, respectively, a quarter earlier.

Express Scripts Earnings In-Line

Express Scripts Holding Company (NASDAQ:ESRX)’s second-quarter results were largely in-line with estimates, with net income coming in as expected at $1.57 per share and revenue of $22.25 billion missing the estimates by just $200 million. Total revenues fell by 1% year-over-year as claims volume retreated by 3%. Management sees full-year adjusted EPS of $6.33 to $6.43, up from the previous range of $6.31 to $6.43. At the end of March, 57 investors followed by Insider Monkey owned shares of Express Scripts Holding Company (NASDAQ:ESRX).

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