PTC Inc. (PTC) announced earnings for its first quarter that increased from last year and beat the Street estimates.
The company's earnings totaled $82.23 million, or $0.68 per share. This compares with $66.39 million, or $0.55 per share, last year.
Excluding items, PTC Inc. reported adjusted earnings of $133.34 million or $1.10 per share for the period.
Analysts on average had expected the company to earn $0.89 per share. Analysts' estimates typically exclude special items.
The company's revenue for the period rose 2.7% to $565.128 million from $550.214 million last year.
PTC Inc. earnings at a glance (GAAP) :
-Earnings: $82.23 Mln. vs. $66.39 Mln. last year.-EPS: $0.68 vs. $0.55 last year.-Revenue: $565.128 Mln vs. $550.214 Mln last year.
-Guidance:Next quarter EPS guidance: $1.30 to $1.50Next quarter revenue guidance: $590 to $620 MlnFull year EPS guidance: $5.30 to $6.00Full year revenue guidance: $2,430 to $2,530 Mln
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