BOSTON (AP) — BOSTON (AP) — PTC Inc. (PTC) on Wednesday reported fiscal fourth-quarter profit of $126.5 million.
The Boston-based company said it had profit of $1.04 per share. Earnings, adjusted for one-time gains and costs, were $1.54 per share.
The results exceeded Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of $1.43 per share.
The product development software maker posted revenue of $626.5 million in the period, also beating Street forecasts. Six analysts surveyed by Zacks expected $620.5 million.
For the year, the company reported profit of $376.3 million, or $3.12 per share. Revenue was reported as $2.3 billion.
For the current quarter ending in December, PTC Inc. expects its per-share earnings to range from 75 cents to 95 cents.
The company said it expects revenue in the range of $540 million to $570 million for the fiscal first quarter.
PTC Inc. expects full-year earnings in the range of $5.60 to $6.30 per share, with revenue ranging from $2.51 billion to $2.61 billion.
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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 PTC at https://www.zacks.com/ap/PTC
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