Parametric Technology Corp. (PMTC) reported first quarter non-GAAP net income of $0.35 per share after the close Wednesday, up from $0.22 per share in the prior year. The consensus estimate was for EPS of $0.31. Second quarter non-GAAP EPS is expected to be between $0.32 and $0.36, compared to the consensus estimate of $0.33.
Parametric Technology gapped up Thursday and has spiked higher in early trade. The stock is currently higher by 4.16 at $25.73. Parametric Technology has surged past resistance this morning and has set a new high for the year.
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