Mentor Graphics Corp Reaffirms FY 2013 Guidance; Issues Q3 2013 Guidance Below Analysts' Estimates

Mentor Graphics Corp announced that for fiscal 2013, it reaffirms revenues of about $1.1 billion, and raises the outlook for non-GAAP earnings per share (EPS) by $0.01 to approximately $1.38, and GAAP earnings per share by $0.03 to about $1.23. For the third quarter 2013, the Company expects revenues of about $265 million, non-GAAP earnings per share of about $0.28, and GAAP earnings per share of approximately $0.23. According to I/B/E/S Estimates, analysts are expecting the Company to report revenue of $1.1 billion and EPS of $1.38 for fiscal 2013; revenue of $266 million and EPS of $0.27 for third quarter of 2013.