CANONSBURG, Pa. (AP) — CANONSBURG, Pa. (AP) — Ansys Inc. (ANSS) on Wednesday reported fourth-quarter earnings of $257.9 million.
On a per-share basis, the Canonsburg, Pennsylvania-based company said it had profit of $2.95. Earnings, adjusted for one-time gains and costs, came to $3.09 per share.
The results exceeded Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of $2.79 per share.
The maker of engineering-simulation software posted revenue of $694.1 million in the period. Its adjusted revenue was $694.7 million, which also beat Street forecasts. Six analysts surveyed by Zacks expected $646.4 million.
For the year, the company reported profit of $523.7 million, or $5.99 per share. Revenue was reported as $2.07 billion.
For the current quarter ending in March, Ansys expects its per-share earnings to range from $1.53 to $1.71. Analysts surveyed by Zacks had forecast adjusted earnings per share of $2.95.
The company said it expects revenue in the range of $482.5 million to $507.5 million for the fiscal first quarter. Analysts surveyed by Zacks had expected revenue of $671.6 million.
Ansys expects full-year earnings in the range of $8.34 to $8.86 per share, with revenue ranging from $2.24 billion to $2.32 billion.
Ansys shares have increased 10% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $266.78, a fall of 12% in the last 12 months.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on ANSS at https://www.zacks.com/ap/ANSS
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