BOSTON (AP) — BOSTON (AP) — PTC Inc. (PTC) on Wednesday reported fiscal first-quarter profit of $166.5 million.
On a per-share basis, the Boston-based company said it had profit of $1.39. Earnings, adjusted for stock option expense and amortization costs, came to $1.92 per share.
The results exceeded Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of $1.59 per share.
The product development software maker posted revenue of $685.8 million in the period, also beating Street forecasts. Seven analysts surveyed by Zacks expected $638.4 million.
For the current quarter ending in March, PTC Inc. expects its per-share earnings to range from $1.93 to $2.54.
The company said it expects revenue in the range of $710 million to $770 million for the fiscal second quarter.
PTC Inc. expects full-year earnings in the range of $6.69 to $9.15 per share, with revenue ranging from $2.68 billion to $2.94 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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