Mentor Graphics Exceeds Estimates for Fourth Quarter

01/31/01 - 07:37 PM EST

Chris Frankie

Earnings Scorecard
Actual Estimated* Year-Ago
$0.43 $0.39 $0.28

Mentor Graphics(MENT Quote - Cramer on MENT - Stock Picks) said Wednesday that it beat Wall Street's earnings expectations for the fourth quarter.

The hardware and software company said it earned 43 cents in the quarter, excluding a charge of 8 cents share. Nine analysts polled by First Call/Thomson Financial were expecting the company to earn 39 cents for the quarter. Mentor earned 28 cents in the year-ago period.

Revenue increased to $182 million from $155 million in the same period last year.

Shares of Mentor, which is based in Wilsonville, Ore., fell 88 cents, or 3%, to $28.25 in regular session Nasdaq trading, but rose to $29 in recent after-hours Island trading.

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