PTC Inc.: Fiscal 4Q Earnings Snapshot
BOSTON (AP) _ PTC Inc. (PTC) on Wednesday reported fiscal fourth-quarter earnings of $9.8 million.
On a per-share basis, the Boston-based company said it had net income of 8 cents. Earnings, adjusted for pretax expenses and stock option expense, came to 64 cents per share.
The results topped Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of 45 cents per share.
The product development software maker posted revenue of $335 million in the period. Its adjusted revenue was $335.2 million, also exceeding Street forecasts. Six analysts surveyed by Zacks expected $333.6 million.
For the year, the company reported a loss of $27.5 million, or 23 cents per share, swinging to a loss in the period. Revenue was reported as $1.26 billion.
PTC Inc. expects full-year earnings in the range of $1.95 to $2.60 per share, with revenue in the range of $1.41 billion to $1.51 billion.
PTC Inc. shares have decreased 19% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $66.89, a decrease of 26% in the last 12 months.