Mentor Graphics Q4 Adj. Profit Tops View; Issues Q1, FY15 Outlook - Quick Facts

(RTTNews) - Mentor Graphics Corp. (MENT) Thursday reported fourth-quarter net income to company shareholders of $105.5 million or $0.89 per share, compared to $61.7 million or $0.49 per share in the same period last year.

Non-GAAP net income attributable to company shareholders were $107.7 million or $0.92 per sahre, up from $67.1 million or $0.58 per share in the comparable quarter last year. On average, seven analysts polled by Thomson Reuters expected the company to earn $0.91 per share for the quarter. Analysts' estimates typically exclude special items.

Sales increased to $401.00 million from $331.24 million last year, while seven analysts expected revenues of $401.56 million.

Looking ahead to the first quarter, the company expects to report earnings per share of approximately break-even, with adjusted earnings of $0.06 per share, on revenues of about $$245 million.

Analysts currently expect the company to earn $0.20 per share on first-quarter revenues of $261.20 million.

For the fiscal year 2015, the company expects GAAP earnings per share of approximately $1.50, with adjusted earnings of $1.75 per share, on revenues of about $1.24 billion.

Analysts currently expect the company to report full-year 2015 earnings of $1.74 per share, on revenues of $1.23 billion.

Further, the company announced an 11% increase in the quarterly dividend to $0.05 per share on outstanding common stock. The dividend is payable on March 31, 2014 to shareholders of record as of the close of business on March 10, 2014.