BOSTON (AP) — BOSTON (AP) — PTC Inc. (PTC) on Wednesday reported fiscal second-quarter profit of $114.4 million.
The Boston-based company said it had net income of 95 cents per share. Earnings, adjusted for one-time gains and costs, were $1.46 per share.
The results surpassed Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of $1.23 per share.
The product development software maker posted revenue of $603.1 million in the period, also surpassing Street forecasts. Six analysts surveyed by Zacks expected $575.5 million.
For the current quarter ending in June, PTC Inc. expects its per-share earnings to range from 90 cents to $1.
The company said it expects revenue in the range of $525 million to $540 million for the fiscal third quarter.
PTC Inc. expects full-year earnings in the range of $4.60 to $5.10 per share, with revenue ranging from $2.27 billion to $2.34 billion.
_____
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on PTC at https://www.zacks.com/ap/PTC
Copyright © 2024 The Associated Press. All rights reserved. This material may not be published, broadcast, written or redistributed.
