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PTC Inc. Reveals 33% Gain In Q2 Profit

PTC Inc. (PTC) revealed a profit for its second quarter that gained ground from last year.

The company said its bottom line advanced to $34.76 million, or $0.30 per share. This was higher than $26.16 million, or $0.23 per share, in last year's second quarter.

Analysts had expected the company to earn $0.28 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 2.6% to $280.71 million. This was up from $273.69 million last year.

PTC Inc. earnings at a glance:

-Earnings (Q2): $34.76 Mln. vs. $26.16 Mln. last year.
-Earnings Growth (Y-o-Y): 32.9%
-EPS (Q2): $0.30 vs. $0.23 last year.
-EPS Growth (Y-o-Y): 30.4%
-Analysts Estimate: $0.28
-Revenue (Q2): $280.71 Mln vs. $273.69 Mln last year.
-Revenue Change (Y-o-Y): 2.6%

-Guidance:
Next quarter EPS guidance: $0.24 - $0.29
Next quarter revenue guidance: $288 - $293 Mln
Full year EPS guidance: $1.13 - $1.23
Full year revenue guidance: $1162 - $1172 Mln

by RTT Staff Writer

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