Mentor Graphics Corporation (NASDAQ:MENT) Reports Blowout 4Q and Even Better Guidance

Mentor Graphics Corporation (NASDAQ:MENT) fourth fiscal quarter results beat estimates and guided above consensus in FY12 as bookings growth outpaced revenue growth this year. For the fourth fiscal quarter, the company posted a profit of $49.2 million, or 43 cents per share, up 24.87% from earnings of $39.4 million or 39 cents per share. Excluding certain costs, the company earned 48 cents per share for the quarter, 2 cents above the analysts' estimate of 46 cents a share. Revenue of $307 million has been recorded for the quarter, up 29.48% from $237.1 million last year, above the analysts' estimate of $292 million. Strength was across the board in multiple products and segments as the cyclical rebound in EDA spend accelerated during the quarter. For the full year, the company generated a profit of $27.1 million or 25 cents per share, on record-high sales of $914.7 million. A year earlier it recorded a loss of $22 million, or 23 cents per share, on $802.7 million in revenue. Excluding certain costs, the company's full-year earnings would have reached 70 cents per share; 3 cents above the analysts' estimate of 67 cents a share. The Company issued guidance for fiscal first quarter ending April 30, 2011 and said that it expects revenue of 225 million with adjusted EPS of $0.15 and the full year outlook of revenue of $1billion with adjusted EPS of $1.00 both above Street expectations.  Importantly, the company guided for 15% operating margins in FY12 (CY11). Shares of the company went up by 59 cents or 3.91% and closed at $15.68 after opening at $15.55 and trading with volume of 3.17 million shares. The market capitalization of the stock stands at $1.72 billion with P/E of 92.96 and beta of 1.39. The stock has 52 week range of $7.81-$16.56. Mentor Graphics Corporation is a provider of software and hardware design solutions that enable its customers to develop electronic products. Disclaimer: The assembled information distributed by epicstockpicks.com is for information purposes only, and is neither a solicitation to buy nor an offer to sell securities. Epicstockpicks.com does expect that investors will buy and sell securities based on information assembled and presented herein. EpicStockPicks.com will not be responsible in any way for or accept any liability for any losses arising from an investor's reliance on or use of information obtained from our website or emails. PLEASE always do your own due diligence, and consult your financial advisor.
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