PTC Inc. (NASDAQ:PTC) Hits The Home Run With Positive Quarterly Results

849

Dallas, Texas 04/30/2014 (FINANCIALSTRENDS) – PTC Inc. (NASDAQ:PTC) the technology company offering software services has reported quarterly results, which has resulted in further investor interest. PTC has reported performance results which are higher than analyst expectations.

Financial overview

PTC Inc.(NASDAQ:PTC)which was formerly called as Parametric Technology Corporation has a market capital of $4.16 billion and has a 52 week high of $40.40 and 52 week low of $23.05. The shares of this stock opened at $34.33 and showed EPS of1.22.

PTC Inc.(NASDAQ:PTC) which is located in Needham, US has been providing discrete solutions which provide business functions where the key to offer supply chain services as well as extensive engineering services. The company has also begun to work on technology solutions which provide technical support for businesses.

The combination of services and technical support has allowed PTC to provide wider user support. The third-party resellers as well as strategic partnerships are forged by PTC, allowing support and service support for global customers to be rendered seamlessly.

It’s current dual software business lines are operated on the basis of licenses. It also earns revenues in the form of support services where the exception is training-related products.

Positive Earnings Guidance

PTC Inc has provided fresh guidance on is third quarter earnings recently. The guidance on the Earnings Per Share will be in the region of $0.48 to $0.52. this is definitely priced higher in comparison to analyst estimates of $0.49.

The guidance offered in terms of revenue is $325 to $340 million which is much lesser than the consensus revenue of $330.33 million. Additionally, PTC update for the financial year 2014 guidance is $2.05 to $2.15.

Consensus Analyst Coverage

The upward guidance mentioned has attracted analyst coverage as well with the consensus research notification from analysts being $2.07 earnings per share for 2014.

Subscribe to get your free report!

* indicates required
*Past performance is not a predictor of future results. All investing involves risk of loss and individual investments may vary. The examples provided may not be representative of typical results. Your capital is at risk when you invest – you can lose some or all of your money. Never risk more than you can afford to lose.By submitting your information you agree to the terms of our Privacy Policy • Cancel Newsletter Any Time.This is a FREE service from Finacials Trend. Signing up for our FREE daily e-letter also entitles you to receive this report. We will NOT share your email address with anyone.