PTC Inc. Announces 48% Fall In Q1 Bottom Line

(RTTNews) - PTC Inc. (PTC) revealed a profit for first quarter that dropped from last year.

The company said its earnings declined to $30.71 million, or $0.26 per share. This was down from $58.78 million, or $0.51 per share, in last year's first quarter.

Analysts had expected the company to earn $0.26 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter fell 1.5% to $287.24 million. This was down from $291.51 million last year.

PTC Inc. earnings at a glance:

-Earnings (Q1): $30.71 Mln. vs. $58.78 Mln. last year. -Earnings Decline (Y-o-Y): -47.8% -EPS (Q1): $0.26 vs. $0.51 last year. -EPS Decline (Y-o-Y): -49.0% -Analysts Estimate: $0.26 -Revenue (Q1): $287.24 Mln vs. $291.51 Mln last year. -Revenue Change (Y-o-Y): -1.5%

-Guidance: Next quarter EPS guidance: $0.26 - $0.31 Next quarter revenue guidance: $280 - $285 Mln Full year EPS guidance: $1.20 - $1.30 Full year revenue guidance: $1.165 - $1.180 Bln