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WILSONVILLE, Ore. (AP) -- Mentor Graphics Corp. lowered its third-quarter outlook Monday due to "unique circumstances" that set large orders back a quarter, but said its forecast for this and next fiscal year remains in tact. The automation system maker now expects a loss in the third quarter, with or without special charges included, versus its earlier expectation of 10 cents per share in profit, excluding special charges. Also, it expects revenue of about $185 million, down from an earlier estimate of $200 million. A Thomson Financial poll of analysts -- who typically exclude special charges -- forecast earnings of 11 cents per share on revenue of $201.4 million, on average. "Revenue was short of guidance because unique circumstances on several large bookings caused revenue to lag bookings by a quarter," Chief Executive Walden C. Rhines said in a statement. However, he noted that the revenue was "deferred by only a quarter." For the fiscal year ending in January, Mentor expects profit of 55 cents per share on revenue of $860 million. Excluding special charges, the company expects earnings of $1.02 per share. Analysts expect earnings of $1.01 per share on revenue of $859.2 million, on average. Mentor issued a preliminary outlook of 78 cents per share in profit for fiscal 2009 on revenue of $920 million. Excluding special charges, the company expects earnings of $1.22 per share. Analysts expect earnings of $1.19 per share on revenue of $917.9 million. Shares fell $2.26, or 14.5 percent, to $13.04 in morning trading.
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