PTC Inc. (PTC) on Wednesday stated fiscal first-quarter net income of $21 million.
The Needham, Massachusetts-based company said it had net income of 18 cents per share. Earnings, adjusted for one-time gains and costs, were 56 cents per share.
The results surpassed Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of 41 cents per share.
The product development software maker posted revenue of $334.7 million in the period. Its adjusted revenue was $335 million, also beating Street forecasts. Eight analysts surveyed by Zacks expected $324.7 million.
For the current quarter ending in April, PTC Inc. anticipates its per-share earnings to range from 15 cents to 27 cents.
The company anticipates full-year earnings in the range of $1.35 to $1.70 per share.
PTC Inc., (NASDAQ: PTC) was trading -21.22% away from its yearly high level, during the last trading session. The last session’s volume was 2,420,837 compared to its average daily volume of 1.42M shares. The company has its outstanding shares of 118.50M. The Technologystock showed a change of -1.89% from opening and finally closed at $84.64 by scoring -1.36%.