Mentor Graphics (MENT +13.8%) shares surge after the chip-design software company's FQ3 profit...

|About: Mentor Graphics Corporation (MENT)|By:, SA News Editor

Mentor Graphics (MENT +13.8%) shares surge after the chip-design software company's FQ3 profit rose a higher-than-expected 58%, benefiting from growing revenue and bookings. EPS was $0.25 on sales of $250M, beating analyst consensus of $0.21 and $245M; the company expects to add another $316M in sales in FQ4, reaching annual revenue of more than $1B.