PTC Inc. (PTC) Is Losing Ground After Q3 Report

PTC Inc. (PTC) reported third quarter adjusted EPS of $0.36 after the close Wednesday, which topped the consensus estimate of $0.32. The company expects to report fourth quarter EPS of $0.41 to $0.46 and full year EPS of $1.41 to $1.46. Street expectations are for EPS of $0.41 and $1.39. The stock is now down 3.06 on 28K shares.

PTC was range-bound for the majority of Wednesday's session and closed down by 0.39 at $98.51.

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