PTC Q3 Profit Rises, Cuts FY13 Revenue Outlook - Quick Facts

(RTTNews) - PTC Inc. (PMTC) Wednesday reported third-quarter profit of $34.46 million or $0.29 per share, up from $22.90 million or $0.19 per share in the same period last year.

Adjusted earnings for the quarter was $53.91 million or $0.45 per share. On average, 10 analysts polled by Thomson Reuters expected the company to earn $0.43 per share for the quarter. Analysts' estimates typically exclude special items.

Revenues increased to $315.0 million from $310.98 million last year. Analysts expected revenues of $322.32 million.

Looking ahead to the fourth quarter, the company has forecast adjsuted earnings in the range of $0.50 to $0.55 per share, with revenues in the order of $330 to $340 million. Analysts currently expects the company to earn $0.56 per share on revenues of $351.04 million.

For the fiscal 2013, the company expects to report earnings in the range of $1.04 to $1.09 per share, with adjusted earnings between $1.72 to $1.77 per share. The company earlier expected to report earnings in the order of $1.03 to $1.13 per share, with adjusted earnings in the order of $1.70 to $1.80 per share.

Revenues are projected in the range of $1.28 billion to $1.29 billion, down from previous outlook range of $1.30 billion to $1.31 billion. Analysts currently expect the company to report full-year earnings of $1.75 per share on revenues of $1.31 billion.