Mentor Graphics Corp. (MENT)
MENT delivered stronger-than-expected financial results, exceeding its non-GAAP earnings per share guidance for the 26th consecutive quarter
For its second quarter fiscal 2016, MENT posted revenues of $281.1 million, an 8% increase year over year, and non-GAAP net income of $43.41 million, or $0.36 per diluted share, compared to non-GAAP net income of $26.52 million, or $0.23 per diluted share in the same quarter the prior year, topping the Capital IQ Consensus Estimate of $0.14 earnings per share on revenues of $250.1 million for the period.
MENT has raised its full year fiscal 2016 revenue guidance to about $1.285 billion and non-GAAP earnings per share guidance from $1.88 to about $1.90, also exceeding the Capital IQ Consensus Estimate of $1.89 earnings per share on revenues of $1.28 billion for the period.
MENT is a world leader in electronic hardware and software design solutions, providing products, consulting services and award-winning support for the worlds most successful electronic, semiconductor and systems companies.
More about Mentor Graphics Corp. (MENT) at www.mentor.com
Sysco Corp. (SYY)
Trian Fund Management L.P. disclosed in a regulatory filing ( SC 13D/A ) with the Securities and Exchange Commission (SEC) a 7.08% (42,061,438 shares) stake in SYY.
After the closing bell on Thursday, SYY said that it has added Nelson Peltz, chief executive officer and a founding partner of Trian Fund Management L.P., and Josh Frank, a Trian partner, to its Board of Directors, effective Aug. 21, 2015. Peltz will join the Corporate Governance and Nominating Committee and Frank will join the Compensation and Finance Committees of SYY‘s Board.
With the election of Peltz and Frank, SYY‘s Board of Directors expands to 12 members, 10 of whom are independent. Peltz and Frank will be included in the company’s slate of nominees for election to the Board at the 2015 Annual Meeting of Shareholders.
Notorious activist investor Nelson Peltz believes SYY is undervalued and has tremendous long-term potential.
SYS is the global leader in selling, marketing and distributing food products to restaurants, healthcare and educational facilities, lodging establishments and other customers who prepare meals away from home.
More about Sysco Corp. (SYY) at www.sysco.com
Crown Equity Holdings Inc. (CRWE)
CRWE provides marketing solutions that boost customer awareness and merchant visibility on the Internet.
The company is currently developing its CRWE WORLD ( www.crweworld.com ), a community targeted platform which goal is to be a one-stop shop for the various needs of online consumers in a range of marketing specialties like Real Estate, Coupons & Deals, Business Directory and more
CRWE WORLD’s business model is based on selling advertising to businesses targeting their marketing message locally, nationally, internationally and also to target potential clients for an specific location, such as within a certain zip code.
Roxzu ( www.roxzu.com ) in development stage, is an on-line e-commerce coupon distribution channel and marketplace for merchants to create brand awareness for their business. The geo-location based mobile marketing application Roxzu is expected to be integrated in all the CRWE WORLD Network.
More about Crown Equity Holdings Inc. (CRWE) at www.crownequityholdings.com
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