PTC Q2 Adj. Profit Tops View; Lifts FY14 Outlook - Quick Facts

(RTTNews) - PTC Inc. (PTC) reported that its second-quarter net income increased to $43.8 million or $0.36 per share, from $17.0 million or $0.14 per share, last year.

Non-GAAP net income was $57.7 million or $0.48 per share, compared to $49.6 million or $0.41 per share in the prior year quarter. On average, eight analysts polled by Thomson Reuters expected the company to report profit per share of $0.46 for the quarter. Analysts' estimates typically exclude special items.

Total revenue rose 4% to $328.70 million, from $313.95 million. Analysts expected revenue of $325.09 million for the quarter.

The company expects its third-quarter GAAP earnings per share to be in the range of $0.31 to $0.35, non-GAAP earnings in the range of $0.48 to $0.52 per share and revenue in the order of $325 million to $340 million. Analysts expect the company to report third-quarter profit per share of $0.49 on revenue of $330.43 million.

The company now expects fiscal 2014 GAAP earnings per share to be in the range of $1.40 to $1.50, non-GAAP earnings per share in the range of $2.05 to $2.15 and revenue in the range of $1.335 billion to $1.350 billion. Analysts expect the company to report fiscal 2014 profit per share of $2.07 on revenue of $1.34 billion.

Earlier, the company expected GAAP earnings per share to be in the range of $1.38 to $1.48, non-GAAP earnings per share in the range of $2.03 to $2.13 and revenue in the range of $1.330 billion to $1.345 billion.