PTC Inc. Q4 Profit Increases, Beats Estimates

(RTTNews) - PTC Inc. (PMTC) released a profit for its fourth quarter that Increased from the same period last year and beat the Street estimates.

The company's earnings came in at $354.83 million, or $2.94 per share. This compares with $126.52 million, or $1.04 per share, last year.

Excluding items, PTC Inc. reported adjusted earnings of $418.29 million or $3.47 per share for the period.

Analysts on average had expected the company to earn $2.27 per share. Analysts' estimates typically exclude special items.

The company's revenue for the period rose 42.7% to $893.80 million from $626.55 million last year.

PTC Inc. earnings at a glance (GAAP) :

-Earnings: $354.83 Mln. vs. $126.52 Mln. last year. -EPS: $2.94 vs. $1.04 last year. -Revenue: $893.80 Mln vs. $626.55 Mln last year.

-Guidance: Next quarter EPS guidance: $1.26 to $1.82 Next quarter revenue guidance: $600 to $660 Mln