Ansys: 3Q Earnings Snapshot

November 6, 2019 GMT

CANONSBURG, Pa. (AP) _ Ansys Inc. (ANSS) on Wednesday reported third-quarter earnings of $89.5 million.

The Canonsburg, Pennsylvania-based company said it had profit of $1.04 per share. Earnings, adjusted for one-time gains and costs, came to $1.42 per share.

The results surpassed Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of $1.25 per share.

The maker of engineering-simulation software posted revenue of $343.9 million in the period. Its adjusted revenue was $345.5 million, also beating Street forecasts. Seven analysts surveyed by Zacks expected $333.5 million.

For the current quarter ending in December, Ansys expects its per-share earnings to range from $1.87 to $2.05. Analysts surveyed by Zacks had forecast adjusted earnings per share of $2.05.

The company said it expects revenue in the range of $454.1 million to $479.1 million for the fiscal fourth quarter. Analysts surveyed by Zacks had expected revenue of $460 million.

Ansys expects full-year earnings in the range of $6.20 to $6.38 per share, with revenue ranging from $1.49 billion to $1.52 billion.

Ansys shares have climbed 53% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $218.73, an increase of 43% in the last 12 months.


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