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 decreased 66.67% to $0.10 in the quarter versus EPS of $0.30 in the year-earlier quarter.
Revenue: Decreased 8.64% to $226.5 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: Mentor Graphics Corp. reported adjusted EPS income of $0.10 per share. By that measure, the company beat the mean analyst estimate of $0.05. It beat the average revenue estimate of $225.15 million.
Quoting Management: “Sales force execution and strong customer demand produced an all-time bookings record for a first quarter. Strength was evident in the IC Design to Silicon, Scalable Verification—driven by emulation demand—and New and Emerging product categories. The year is off to a great start and Q2 is already showing continued bookings strength,” said Walden C. Rhines, chairman and CEO of Mentor Graphics. “During the quarter we initiated a $0.045 quarterly dividend. This has been well received by our shareholders.”
Key Stats (on next page)…