Mentor Graphics Corp.'s (MENT: Quote) first-quarter net income attributable to its shareholders amounted to $28.18 million or $0.25 per share, as against a loss of $2.35 million or $0.02 per share a year before. However, on a non-GAAP basis, adjusted earnings per share were $0.30, higher than last year's $0.20.
The company reported quarterly revenues of $247.92 million, compared with $230.03 million in the previous year.
On average, 6 analysts polled by Thomson Reuters expected earnings per share of $0.25 on revenue of $254.95 million for the quarter. Analysts' estimates typically exclude one-time items.
For the second quarter, Mentor Graphics expects revenues of about $240 million, non-GAAP earnings per share of $0.17, and GAAP earnings per share of $0.10. Analysts anticipate second-quarter earnings of $0.17 per share and revenue of $240.33 million.
For fiscal 2013, the company confirmed that it expects revenues of about $1.1 billion, and raises outlook for non-GAAP earnings per share by $0.05 to $1.37, and GAAP earnings per share by $0.07 to $1.20. Previously, full-year earnings per share, excluding special items, were estimated to be about $1.32. Six analysts project earnings per share of $1.33 and $1.10 billion revenue for fiscal 2013.
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by RTT Staff Writer
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