Pacific Crest Downgrades Mentor Graphics (MENT) to Sector Weight
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Mentor Graphics Reports Fiscal Third Quarter Results
November 19, 2015 4:10 PM ESTWILSONVILLE, Ore.--(BUSINESS WIRE)-- Mentor Graphics Corporation (NASDAQ: MENT) today announced financial results for the companys fiscal third quarter ended October 31, 2015. The company reported revenues of $291 million, non-GAAP earnings per share of $0.28, and GAAP earnings per share of $0.12.
Mentor achieved third-quarter guided results, said Walden C. Rhines, chairman and CEO of Mentor Graphics. Active evaluations of Mentors Veloce emulator increased in the third quarter, but the time required for completion of evaluations also increased. This, along with semiconductor industry consolidations, is having a negative impact on our business. However, demand for EDA... More
