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Mentor Graphics tops 4Q revenue forecasts

WILSONVILLE, Ore. (AP) _ Mentor Graphics Corp. (MENT) on Thursday reported fiscal fourth-quarter earnings of $123.1 million.

The Wilsonville, Oregon-based company said it had net income of $1.05 per share. Earnings, adjusted for stock option expense and non-recurring costs, were $1.21 per share.

The provider of electronic hardware and software design products and services posted revenue of $478 million in the period, surpassing Street forecasts. Three analysts surveyed by Zacks expected $417.5 million.

For the year, the company reported profit of $154.9 million, or $1.37 per share. Revenue was reported as $1.28 billion.

Mentor Graphics shares have climbed almost 1 percent since the beginning of the year. In the final minutes of trading on Thursday, shares hit $37.13, a climb of 86 percent in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on MENT at https://www.zacks.com/ap/MENT

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Keywords: Mentor Graphics, Earnings Report