CANONSBURG, Pa. (AP) — CANONSBURG, Pa. (AP) — Ansys Inc. (ANSS) on Wednesday reported third-quarter profit of $128.2 million.
The Canonsburg, Pennsylvania-based company said it had profit of $1.46 per share. Earnings, adjusted for stock option expense and amortization costs, were $2.58 per share.
The results exceeded Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $1.88 per share.
The maker of engineering-simulation software posted revenue of $601.9 million in the period, which also beat Street forecasts. Three analysts surveyed by Zacks expected $531.1 million.
Ansys shares have dropped 8% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $333.62, a rise of 19% 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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