Ansys: Q1 Earnings Snapshot

CANONSBURG, Pa. (AP) — CANONSBURG, Pa. (AP) — Ansys Inc. (ANSS) on Wednesday reported first-quarter profit of $34.8 million.

On a per-share basis, the Canonsburg, Pennsylvania-based company said it had net income of 40 cents. Earnings, adjusted for one-time gains and costs, were $1.39 per share.

The results did not meet Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $1.93 per share.

The maker of engineering-simulation software posted revenue of $466.6 million in the period, also falling short of Street forecasts. Four analysts surveyed by Zacks expected $554.9 million.

Ansys shares have fallen 11% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $321.48, a climb of slightly more than 2% in the last 12 months.


This story was generated by Automated Insights ( using data from Zacks Investment Research. Access a Zacks stock report on ANSS at

Copyright © 2024 The Associated Press. All rights reserved. This material may not be published, broadcast, written or redistributed.

Federal News Network Logo
Log in to your WTOP account for notifications and alerts customized for you.

Sign up