Chip-design software maker Mentor Graphics Corp
For the current quarter, Mentor Graphics, which competes with Synopsys Inc
Analysts, on average, were expecting earnings of 53 cents a share on revenue of $315.9 million, according to Thomson Reuters I/B/E/S.
The company posted a third-quarter profit of $24.1 million, or 22 cents a share, compared with $15.3 million, or 14 cents a share, last year.
Revenue rose 5 percent to $250.5 million.
Excluding special items, the company earned 25 cents a share.
Analysts, on average, had expected earnings of 21 cents a share, excluding special items, on revenue of $244.9 million.
Bookings for the third quarter rose more than 20 percent from year ago.
Shares of the company closed at $11.41 on Thursday on Nasdaq.
(Reporting by Supantha Mukherjee in Bangalore; Editing by Viraj Nair)