Mentor Graphics Q2 Adj. Profit Beats Estimate; Issues Q3 Outlook - Quick Facts

(RTTNews) - Mentor Graphics Corp. (MENT) Thursday reported second-quarter net income attributable to company shareholders of $14.2 million or $0.13 per share, compared $24.0 million or $0.19 per share in the comparable quarter last year.

Non-GAAP net income attributable to company shareholders were $16.5 million or $0.23 per share, down from $30.3 million or $0.26 per share in the prior year period. On average, eight analysts polled by Thomson Reuters expected the company to earn $0.15 per share for the quarter. Analysts' estimates typically exclude special items.

Sales increased to $260.23 million from $253.22 million last year, while eight analysts expected revenues of $253.55 million.

Looking ahead to the third quarter, the company expects to report earnings per share of approximately $0.07, adjusted earnings of $0.21 per share and revenues of about $$275 million.

Analysts currently expect the company to earn $0.39 per share on third-quarter revenues of $297.94 million.

For the fiscal year 2015, the company now expects GAAP earnings per share of approximately $1.37, down from its prior range of $1.46 per share. The company continues to expect adjusted earnings of $1.75 per share and revenues of about $1.24 billion.

Analysts currently expect the company to report full-year 2015 earnings of $1.76 per share, on revenues of $1.24 billion.

Further, the company announced a quarterly dividend of $0.05 per share, payable on September 30, 2014 to shareholders of record as of the close of business on September 10, 2014.