PTC To Report Q4 Results Below Guidance - Quick Facts

(RTTNews) - PTC Inc. (PTC) announced, due primarily to the higher than expected subscription mix, and also the incremental commission expense associated with bookings and subscription outperformance, the company expects its fourth-quarter GAAP and non-GAAP revenue, and GAAP and non-GAAP EPS to be below the low end of its prior guidance. PTC now expects its fourth-quarter bookings subscription mix to be approximately 70%, significantly exceeding its prior guidance of 46%.

PTC also announced that preliminary bookings for the fourth fiscal quarter ended September 30, 2016 are expected to be between $139 million and $142 million, above the high end of the company's previous guidance of $111 million to $121 million. There were two mega deals in the quarter.

PTC now expects fiscal 2016 restructuring charges of approximately $75 to $80 million, above the $50 million to $70 million range included in the company's form 10-Q filed on August 11, 2016, and the $40 million to $50 million range included in its guidance on July 20, 2016.

PTC will release its fourth-quarter and year-end results on October 26th after the stock market closes.