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PTC Inc. Q1 adjusted earnings Beat Estimates

PTC Inc. (PTC) reported a profit for its first quarter that rose from the same period last year.

The company's profit came in at $20.98 million, or $0.18 per share. This compares with $13.88 million, or $0.12 per share, in last year's first quarter.

Excluding items, PTC Inc. reported adjusted earnings of $67.29 million or $0.56 per share for the period.

Analysts had expected the company to earn $0.41 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 9.1% to $334.96 million from $307.01 million last year.

PTC Inc. earnings at a glance:

-Earnings (Q1): $67.29 Mln. vs. $36.08 Mln. last year.
-EPS (Q1): $0.56 vs. $0.31 last year.
-Analysts Estimate: $0.41
-Revenue (Q1): $334.96 Mln vs. $307.01 Mln last year.

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