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.
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by RTT Staff Writer
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