BOSTON (AP) — BOSTON (AP) — PTC Inc. (PTC) on Wednesday reported fiscal third-quarter earnings of $69 million.
On a per-share basis, the Boston-based company said it had net income of 57 cents. Earnings, adjusted for one-time gains and costs, were 98 cents per share.
The results met Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was also for earnings of 98 cents per share.
The product development software maker posted revenue of $518.6 million in the period, missing Street forecasts. Six analysts surveyed by Zacks expected $533 million.
For the current quarter ending in September, PTC Inc. expects its per-share earnings to range from $1.30 to $1.66.
The company said it expects revenue in the range of $598 million to $648 million for the fiscal fourth quarter.
PTC Inc. expects full-year earnings in the range of $4.85 to $5.21 per share, with revenue ranging from $2.27 billion to $2.32 billion.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on PTC at https://www.zacks.com/ap/PTC