Mentor Graphics MENT Stock Bullish Trend Great Earnings Report & Analysis

 

MENT Mentor Graphics beats by $0.05 beats on revs guides Q3 EPS above consensus revs above consensus 

Reports Q2 (Jul) earnings of $0.01 per share, excluding non-recurring items, $0.05 better than the Thomson Reuters consensus of ($0.04); revenues rose 2.9% year/year to $187.9 mln vs the $180.5 mln consensus. Co issues upside guidance for Q3, sees EPS of ~$0.15 vs. $0.11 Thomson Reuters consensus; sees Q3 revs of ~$220 mln vs. $212.18 mln Thomson Reuters consensus. Co raises guidance for FY11, sees EPS of ~0.65 vs. $0.64 Thomson Reuters consensus, up from $0.60-0.65; raises FY11 revs to ~$880 mln vs. $867.65 mln Thomson Reuters consensus, up from $870 mln.

 

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