Altair Engineering Inc. (ALTR) released earnings for fourth quarter that decreased from the same period last year but beat the Street estimates.
The company's bottom line totaled $0.996 million, or $0.01 per share. This compares with $19.7 million, or $0.22 per share, last year.
Excluding items, Altair Engineering Inc. reported adjusted earnings of $47.4 million or $0.52 per share for the period.
Analysts on average had expected the company to earn $0.51 per share. Analysts' estimates typically exclude special items.
The company's revenue for the period rose 12.3% to $192.6 million from $171.5 million last year.
Altair Engineering Inc. earnings at a glance (GAAP) :
-Earnings: $0.996 Mln. vs. $19.7 Mln. last year.
-EPS: $0.01 vs. $0.22 last year.
-Revenue: $192.6 Mln vs. $171.5 Mln last year.
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