Mentor Graphics Corp. (MENT) reported first quarter adjusted net income of $0.30 per share Friday morning, up from $0.20 per share in the prior year period. The consensus estimate was for EPS of $0.25. The company expects to report second quarter adjusted EPS of about $0.17 and increased its full year 2013 adjusted EPS forecast to $1.37. The consensus estimates are for EPS of $0.17 and $1.33.
Mentor Graphics steadily declined throughout the first half of Friday's session and finished down by 2.01 at $13.20, with volume at over a 6-month high. The stock dropped to over a 4-month low and fell below its 50-day moving average.
For comments and feedback contact: editorial@rttnews.com
Business News
June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.