Mentor Graphics 3Q EPS, revenue fall short of Wall Street mean |
|
|
|
Published
:
Thu, 29 Nov 2007 22:58
|
NEW YORK (Thomson Financial) - Mentor Graphics Corp. late Thursday reported a third-quarter operating loss of $11.6 million, or 10 cents a share.Excluding certain items, the company posted a loss of $344,000, or break even, missing the 4 cent-a-share mean profit estimate of analysts polled by Thomson Financial.Revenue fell to $186.3 million, below Wall Street's consensus view of $190.5 million. The company cited revenue timing issues on certain key orders for the weak results.In the same period a year earlier, the company earned $4.6 million, or 3 cents a share, on revenue of $190.6 million.The Wilsonville, Ore.-based electronic hardware design company said it expects fiscal 2008 net earnings of 50 cents a share on revenue of $860 million. The company sees adjusted earnings of about $1.02 for the fiscal year.Michelle Ramamr/gmCOPYRIGHTCopyright Thomson Financial News Limited 2007. All rights reserved.The copying, republication or redistribution of Thomson Financial News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Financial News.
|
|
|
|
Print this Story
Correction: Mentor earnings story 