Quick Facts
FONT-SIZE Plus   Neg
Share SHARE

Mentor Graphics Profit Rises; Details Weak FY Outlook; Stock Down - Quick Facts

RELATED NEWS
Trade MENT now with 

Mentor Graphics Corp. (MENT: Quote) Thursday reported net income of $61.7 million or $0.49 per share for the fourth quarter of fiscal year 2013, compared with $57.8 million or $0.52 per share a year earlier.

Earnings per share results for the quarter reflect a higher share count.

Excluding items, adjusted earnings for the quarter were $66 million, compared with $64.7 million a year ago. On a per share basis, earnings were flat at $0.58.

Revenues for the quarter were $331 million, compared with $320 million a year ago.

Analysts polled by Thomson Reuters estimated earnings of $0.55 per share on revenues of $343.18 million for the quarter. Analysts' estimates typically exclude special items.

Looking ahead to the first quarter of fiscal year 2014, the company expects GAAP earnings to be about breakeven, adjusted earnings of about $0.05 per share, and revenues of about $225 million.

Analysts currently expect earnings of $0.21 per share on revenues of $241.67 million for the first quarter.

For the full year 2014, the company estimates GAAP earnings of about $1.41 per share, adjusted earnings of about $1.53 per share, and revenues of about $1.155 billion. Analysts currently expect earnings of $1.59 per share on revenues of $1.17 billion.

Shares of the company are losing 4.4 percent in after-hours trade on the Nasdaq.

Register
To receive FREE breaking news email alerts for Mentor Graphics Corp and others in your portfolio

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Editors Pick
Consumer confidence in the U.S. improved for the third consecutive month in July, according to a report released by the Conference Board on Tuesday, with the consumer confidence index jumping to its highest level in almost seven years. Stocks have moved mostly higher in early trading on Tuesday after ending the previous session roughly flat. The major averages have climbed into positive territory, although there does not seem to be much conviction behind the upward move. Home prices in major U.S. metropolitan areas continued to increase at a slower pace in the month of May, Standard & Poor's revealed in a report released on Tuesday. The report said the S&P/Case-Shiller 20-City Composite Home Price Index increased at an annual rate of 9.3 percent in May compared to the 10.8 percent growth reported for April.
comments powered by Disqus
FREE Newsletters, Analysis & Alerts

 

Stay informed with our FREE daily Newsletters and real-time breaking News Alerts. Sign up to receive the latest information on business news, health, technology, biotech, market analysis, currency trading and more.