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PTC Inc. Q2 Income Falls 57%

PTC Inc. (PTC) announced earnings for second quarter that retreated from last year.

The company said its bottom line totaled $26.16 million, or $0.23 per share. This was lower than $61.42 million, or $0.53 per share, in last year's second quarter.

Analysts had expected the company to earn $0.37 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter fell 13.2% to $272.63 million. This was down from $314.12 million last year.

PTC Inc. earnings at a glance:

-Earnings (Q2): $26.16 Mln. vs. $61.42 Mln. last year.
-Earnings Decline (Y-o-Y): -57.4%
-EPS (Q2): $0.23 vs. $0.53 last year.
-EPS Decline (Y-o-Y): -56.6%
-Analysts Estimate: $0.37
-Revenue (Q2): $272.63 Mln vs. $314.12 Mln last year.
-Revenue Change (Y-o-Y): -13.2%

-Guidance:
Next quarter EPS guidance: $0.31 - $0.36
Next quarter revenue guidance: $287 - $292 Mln
Full year EPS guidance: $1.52 - $1.62
Full year revenue guidance: $1.16 - $1.18 Bln

by RTT Staff Writer

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