Mentor Graphics Corp. (MENT) Stock Falls on Warning
Mentor Graphics Corp. lowered its third-quarter outlook Monday due to "unique circumstances" that set large orders back a quarter, but said its forecast for this and next fiscal year remains in tact.
The automation system maker now expects a loss in the third quarter, with or without special charges included, versus its earlier expectation of 10 cents per share in profit, excluding special charges. Also, it expects revenue of about $185 million, down from an earlier estimate of $200 million.
A Thomson Financial poll of analysts -- who typically exclude special charges - forecast earnings of 11 cents per share on revenue of $201.4 million, on average.
The automation system maker now expects a loss in the third quarter, with or without special charges included, versus its earlier expectation of 10 cents per share in profit, excluding special charges. Also, it expects revenue of about $185 million, down from an earlier estimate of $200 million.
A Thomson Financial poll of analysts -- who typically exclude special charges - forecast earnings of 11 cents per share on revenue of $201.4 million, on average.
Labels: MENT, Mentor Graphics Corp.
posted by Stock Administrator @ 12:34 PM
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