SAN JOSE, Calif. (AP) — Cadence Design Systems Inc. (CDNS) on Wednesday reported a fourth-quarter loss of $14.4 million, after reporting a profit in the same period a year earlier.

On a per-share basis, the San Jose, California-based company said it had a loss of 5 cents. Earnings, adjusted for pretax expenses and non-recurring costs, were 39 cents per share.

The results matched Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was also for earnings of 39 cents per share.

The maker of hardware and software products for validating chip designs posted revenue of $501.7 million in the period, which topped Street forecasts. Four analysts surveyed by Zacks expected $497.9 million.

For the year, the company reported profit of $204.1 million, or 73 cents per share. Revenue was reported as $1.94 billion.

For the current quarter ending in April, Cadence expects its per-share earnings to range from 36 cents to 38 cents.

The company expects full-year earnings in the range of $1.50 to $1.60 per share.

Cadence shares have increased slightly more than 7 percent since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $44.86, a climb of 72 percent in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on CDNS at https://www.zacks.com/ap/CDNS

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