Mentor Graphics Q3 Profit Rises - Quick Facts

(RTTNews) - Mentor Graphics Corp. (MENT) Thursday reported third-quarter profit of $25.54 million or $0.20 per share, down from $30.64 million or $0.27 per share in the same period last year.

On average, seven analysts polled by Thomson Reuters expected the company to earn $0.19 per share for the quarter. Analysts' estimates typically exclude special items.

Sales increased to $275.64 million from $268.76 million last yeaer. Analysts expected revenues of $260.27 million.

Looking ahead to the fourth quarter, the company expects to report earnings of $0.85 per share, with adjusted earnings of $0.90 per share, on revenues of about $$400 million.

Analysts currently expect the company to earn $1.04 per share on fourth-quarter revenues of $417.71 million.

For the fiscal year 2014, the company is maintaining revenue expectations of approximately $1.155 billion, with earnings and adjusted earnings projected at $1.26 per share and $1.59 per share, respectively.

Analysts currently expect the company to report full-year 2014 earnings of $1.59 per share, on revenues of $1.16 billion.