January 11, 8:01 am Eastern Time
Mentor Graphics says orders, backlog at records
NEW YORK, Jan 11 (Reuters) - Mentor Graphics Corp. (NasdaqNM:MENT - news), a software and hardware maker, said Tuesday it expects to report fourth-quarter 1999 results ''in-line'' with analysts' expectations, adding that order bookings have hit record levels.
Analysts expect the Wilsonville, Oregon-based company to report earnings of 25 cents per share for the fourth quarter and 51 cents per share for full year 1999, according to market research firm First Call/Thomson Financial.
That compares with earnings of 21 cents per share and 40 cents per share, respectively, in the year-earlier periods. ''Orders exceeded our expectations, with total bookings up over 20 percent in the quarter over the fourth quarter a year ago,'' Gregory Hinckley, Mentor's chief financial officer and chief operating officer, said in a statement.
The company, which posted revenues of $500 million over the last 12 months, said it will report fourth-quarter results after the market close on Jan. 31, 2000.
Mentor's shares finished Jan. 10 at 12-3/8 on the Nasdaq. |
