Mentor Graphics stocks fall


Mentor Graphics’ stocks fell after the Wilsonville company issued its quarterly forecast .

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Mentor Graphics’ stocks fell after the Wilsonville company issued its quarterly forecast.

 

Mentor, pressured by billionaire Carl Icahn, reported preliminary results last month. Today’s results from the fiscal first-quarter are in line with those early results – revenue totaled $230 million, and Mentor lost 2 cents a share.

In the current quarter, though, Mentor said is expects revenue will to about $210 million and a loss of about 5 cents a share. Shares slid 7 percent in early trading to $13.61.

Read more at OregonLive.com.

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