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PTC Inc. Announces 48% Fall In Q1 Bottom Line

PTC Inc. (PTC) revealed a profit for first quarter that dropped from last year.

The company said its earnings declined to $30.71 million, or $0.26 per share. This was down from $58.78 million, or $0.51 per share, in last year's first quarter.

Analysts had expected the company to earn $0.26 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter fell 1.5% to $287.24 million. This was down from $291.51 million last year.

PTC Inc. earnings at a glance:

-Earnings (Q1): $30.71 Mln. vs. $58.78 Mln. last year.
-Earnings Decline (Y-o-Y): -47.8%
-EPS (Q1): $0.26 vs. $0.51 last year.
-EPS Decline (Y-o-Y): -49.0%
-Analysts Estimate: $0.26
-Revenue (Q1): $287.24 Mln vs. $291.51 Mln last year.
-Revenue Change (Y-o-Y): -1.5%

-Guidance:
Next quarter EPS guidance: $0.26 - $0.31
Next quarter revenue guidance: $280 - $285 Mln
Full year EPS guidance: $1.20 - $1.30
Full year revenue guidance: $1.165 - $1.180 Bln

by RTT Staff Writer

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