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Mentor Graphics Corp. Message Board

  • lakers_w lakers_w Mar 4, 2010 6:48 PM Flag

    MENT sees possible 5 cents Q1 loss vs 4 cents profit consensus

    * Q4 rev down 2 pct

    * Shares down 2 pct (Recasts, adds conference call details)

    March 4 (Reuters) - Chip-design software maker Mentor Graphics Corp (MENT.O) posted marginally better-than-expected quarterly results, as it managed to modestly cut costs, but warned of a possible loss for the current quarter.

    The company said though the general business environment was improving, it was not yet confident about the sustainability of the recovery, as customers remained cautious.

    Mentor said it would for now restrict formal outlook to a single quarter.

    For the current first quarter ending April 30, the company expects to either break even or post a loss of up to 5 cents a share. Analysts were expecting a profit of 4 cents a share, according to Thomson Reuters I/B/E/S.

    Mentor said it was looking to grow full year 2011 revenue by 5 percent. At that rate, Mentor's 2011 revenue would stand at $842.8 million, compared with expectations of $836.2 million.

    In the fourth quarter, the average dollar value of renewals for the top ten contracts grew 25 percent, even as total bookings declined 5 percent.

    Shares of the Wilsonville, Oregon-based company fell 2 percent to $8.60 in extended trading, after closing at $8.78 Thursday on Nasdaq. (Reporting by Sayantani Ghosh in Bangalore; Editing by Maju Samuel)

    [Did MENT lose Calibre market share to Magma's Quart DRC/LVS, and IC Station market share to Magma's Titan ADX ?]

19.52-0.36(-1.81%)Oct 22 4:00 PMEDT

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