BOSTON (AP) — BOSTON (AP) — PTC Inc. (PTC) on Wednesday reported fiscal fourth-quarter profit of $157.3 million.
The Boston-based company said it had net income of $1.44 per share. Earnings, adjusted for one-time gains and costs, were $2.03 per share.
The results surpassed Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of $2 per share.
The product development software maker posted revenue of $673.3 million in the period, also beating Street forecasts. Five analysts surveyed by Zacks expected $657.6 million.
For the year, the company reported profit of $1.03 billion, or $8.93 per share. Revenue was reported as $2.73 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
