Tuesday, Parametric Technology Corp. (PMTC) reported fourth-quarter net income of $15.9 million or $0.13 per share, compared to net income of $36.5 million or $0.31 per share in the same quarter last year.
On an non-GAAP basis. net income was $35.6 million or $0.30 per share, compared to net income of $53.9 million or $0.45 per share in the year ago quarter.
On average, nine analysts polled by Thomson Reuters expected the company to earn $0.28 per share for the quarter. Analysts' estimates typically exclude special items.
Total revenue for the quarter declined to $246.3 million from $299.5 million in the comparable quarter last year. Analysts expected the company to report revenue of $240.42 million for the quarter.
Looking ahead to the first quarter, the company expects to report revenue in the range of $230 million - $240 million with non-GAAP net income of $0.12 - $0.18 per share. The company also expects results of in the range of loss of $0.02 - profit $0.04 per share. Analysts currently anticipate the company to earn $0.19 per share on revenue of $225.03 million for the quarter.
For the full year 2010, the company expects to report revenue of $980 million with earnings of $0.43 per share. On a non-GAAP basis, earnings are expected to be $0.96 per share. Analysts currently anticipate the company to earn $0.95 per share on revenue of $951.53 million for the quarter.
For comments and feedback: editorial@rttnews.com