BOSTON (AP) — BOSTON (AP) — PTC Inc. (PTC) on Wednesday reported fiscal fourth-quarter profit of $45.6 million.
The Boston-based company said it had net income of 38 cents per share. Earnings, adjusted for one-time gains and costs, were $1.20 per share.
The results exceeded Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of $1.14 per share.
The product development software maker posted revenue of $546.6 million in the period, falling short of Street forecasts. Seven analysts surveyed by Zacks expected $559.3 million.
For the current quarter ending in December, PTC Inc. expects its per-share earnings to range from 80 cents to $1.
The company expects full-year earnings in the range of $4.50 to $5.20 per share.
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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
