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PTC Q3 Adj. Profit Tops View; Issues Q4 Outlook - Quick Facts

PTC Inc. (PTC) reported that its third-quarter net income increased to $38.0 million or $0.32 per share, from $34.5 million or $0.29 per share, last year.

Non-GAAP net income was $63.7 million or $0.53 per share, compared to $53.9 million or $0.45 per share in the prior year quarter. On average, seven analysts polled by Thomson Reuters expected the company to report profit per share of $0.50 for the quarter. Analysts' estimates typically exclude special items.

Total revenue rose to $336.63 million, from $315.01 million. Analysts expected revenue of $332.49 million for the quarter.

The company expects its fourth quarter GAAP earnings per share to be in the range of $0.39 to $0.43, non-GAAP earnings in the range of $0.59 to $0.63 per share and revenue in the order of $340 million to $355 million. Analysts expect the company to report fourth quarter profit per share of $0.60 on revenue of $359.80 million.

The company now expects fiscal 2014 GAAP earnings per share to be in the range of $1.40 to $1.44, non-GAAP earnings per share in the range of $2.10 to $2.14 and revenue in the range of $1.330 billion to $1.345 billion. Analysts expect the company to report fiscal 2014 profit per share of $2.08 on revenue of $1.35 billion.

Earlier, the company expected GAAP earnings per share to be in the range of $1.40 to $1.50, non-GAAP earnings per share in the range of $2.05 to $2.15 and revenue in the range of $1.335 billion to $1.350 billion.

by RTT Staff Writer

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