Mentor Graphics (MENT) Tops Q1 EPS by 2c; Guides Q2 Above the Street
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Mentor Graphics Reports Fiscal First Quarter Results
May 19, 2016 4:05 PM EDTWILSONVILLE, Ore.--(BUSINESS WIRE)-- Mentor Graphics Corporation (NASDAQ: MENT) today announced financial results for the companys fiscal first quarter ended April 30, 2016. The company reported revenues of $228 million, non-GAAP earnings per share of $0.02, and a GAAP loss per share of $0.12.
Mentor modestly exceeded guidance for first quarter, although weakness in semiconductor-related activity continued, said Walden C. Rhines, chairman and CEO of Mentor Graphics. Bookings and revenue from automotive customers set a first quarter all-time record. Mentors customer breadth and our range of system design products and services continue to be an advantage.
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