On July 19, computer software and services company PTC Inc. (NASDAQ:$PTC) announced a fiscal third-quarter loss of $951,000, after reporting a profit in the same time period in 2016.
The Massachusetts-based company reported that it had a loss of 1 cent per share. Earnings, adjusted for one-time gains and costs, sat at 28 cents per share.
The results didn’t come as a huge surprise, as they matched Wall Street expectations. Out of seven analysts surveyed by Zacks Investment Research, the average estimate for the company was earnings of 28 cents per share.
In regards to the current quarter ending in September, the product development software maker predicts its per-share earnings to be in the range of 33 cents to 38 cents. For the fiscal Q4, PTC said it expects revenue in the range of $303 million to $308 million.
Additionally, PTC forecasts full-year results to range from a loss of 1 cent per share to earnings of 4 cents per share, with revenue sitting around $1.16 billion to $1.17 billion.
Since the beginning of 2017, PTC Inc. shares increased 27%. Within the final few minutes of trading on July 19, shares reached $58.92, which is a climb of 51% in the last 12 months.
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