Mentor Graphics topped its sales and profit forecast and remains on track to have its first $1 billion year.
Mentor Graphics topped its sales and profit forecast and remains on track to have its first $1 billion year.
Revenues in the fiscal third quarter totaled $250.5 million, up 4.8 percent from the same quarter a year ago.
Profits totaled $24.1 million, or 22 cents a share. Mentor had forecast profits of about 18 cents a share.
Mentor makes software useful in designing computer chips and other electronics. It said bookings are up and the company expects revenues of $316 million in the fourth quarter, with profits of 46 cents a share. The last quarter of the year is usually Mentor’s strongest.
Read more at OregonLive.com.
{biztweet}mentor graphics{/biztweet}
