Mentor Graphics Q1 Results Beat View; Lifts Full-year Earnings Outlook

(RTTNews) - Mentor Graphics Corp. (MENT) reported first-quarter net loss of $9.89 million or $0.08 per share, wider than net loss of $2.55 million or $0.02 per share last year.

Adjusted earnings for the quarter were $0.28 per share, compared to $0.11 per share in the same period last year.

Revenues for the quarter rose to $272.14 million from $252.15 million in the same period last year.

On average, analysts polled by Thomson Reuters expected the company to earn $0.18 per share for the quarter on revenue of $260.83 million for the quarter. Analysts' estimate typically excludes special items.

The company announced a quarterly dividend of $0.055 per share on outstanding common stock. The dividend is payable on June 30, 2015 to shareholders of record at the close of business on June 10, 2015.

Looking ahead to the second quarter, Mentor Graphics expects revenues of about $250 million, adjusted earnings of about $0.14 per share, and reported earnings of about $0.03 per share. Analysts currently estimate earnings of $0.24 per share on revenues of $269.60 million for the quarter.

For fiscal 2016, the company affirmed its outlook for revenues of about $1.282 billion, but raised its outlook for adjusted earnings to about $1.88 per share from $1.85 per share. The company currently expects reported earnings per share for about $1.18. Analysts currently estimate earnings of $1.86 per share for the year on revenues of $1.28 billion.