Mentor Graphics Corp. (NASDAQ:MENT) delivered a profit and beat Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company.
Mentor Graphics Corp. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share increased 23.81% to $0.26 in the quarter versus EPS of $0.21 in the year-earlier quarter.
Revenue: Rose 5.15% to $253.2 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: Mentor Graphics Corp. reported adjusted EPS income of $0.26 per share. By that measure, the company beat the mean analyst estimate of $0.17. It beat the average revenue estimate of $244.9 million.
Quoting Management: “Revenue, bookings and operating income were all-time records for a second quarter,” said Walden C. Rhines, chairman and CEO of Mentor Graphics. “New capabilities for 20, 14 and 10 nanometer technologies, and the performance enhancements these advanced nodes enable, were the principal forces driving strength in the Calibre products and Veloce emulation. Record first- half bookings, book to bill and backlog reinforce our confidence for fiscal 2014 and beyond.”
Key Stats (on next page)…