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.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.