logo
  

Ansys Q4 Profit Rises

Ansys Inc. (ANSS), Wednesday reported fourth-quarter net income of $165.9 million or $1.91 per share, up from $153.2 million or $1.79 per share last year.

Adjusted earnings for the quarter were $2.24 per share, up from $2.13 per share last year.

Revenues for the fourth quarter rose to $486.2 million from $415.4 million last year. Adjusted revenues were $492.5 million, up from $418.0 million last year.

Analysts polled by Thomson Reuters estimated earnings of $1.98 per share on revenues of $469.41 million.

Looking forward to first quarter, the company expects adjusted earnings of $0.75 to $0.88 per share and revenues of $300 to $320 million. Analysts currently estimate earnings of $1.36 per share on revenues of $360.17 million.

For the full year 2020, Ansys expects adjusted earnings of $6.19 to $6.71 per share and revenues of $1.64 billion to $1.70 billion. Analysts currently estimate earnings of $6.76 per share on revenues of $1.68 billion.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
Mallinckrodt plc announced Wednesday that the U.S. Food and Drug Administration or FDA has approved StrataGraft (allogeneic cultured keratinocytes and dermal fibroblasts in murine collagen - dsat) for the treatment of adult patients with thermal burns containing intact dermal elements for which surgical intervention is clinically indicated. Worldwide 5G mobile subscriptions are estimated to exceed 580 million by the end of 2021, according to the Ericsson Mobility Report. With subscriptions increasing at a rate of about a million per day, 5G remains on track to become the fastest adopted mobile generation in history. The growth in subscriptions is being lead by China, North America and the Gulf Cooperation Council markets. Elanco Animal Health Inc. (ELAN) and veterinary biopharmaceutical company Kindred Biosciences, Inc. (KIN) announced Wednesday they have entered into a definitive agreement for Elanco to acquire Kindred for $9.25 per share, or approximately $440 million. The acquisition further accelerates Elanco's...
RELATED NEWS
Follow RTT