Shares of Mentor Graphics Corp. surged Friday after the software maker's third-quarter financial projections topped analyst expectations.
Mentor, a Wilsonville, Ore.-based company that makes electronics-testing software, said late Thursday it expects adjusted earnings of a penny per share on sales of $183 million for the third quarter.
Analysts polled by Thomson Reuters predicted a loss of 2 cents per share and sales of $179.6 million.
Shares jumped $1.11, or 14 percent, to $9.03 in afternoon trading Friday. The stock has traded between $3.34 and $13 over the past year.
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