PTC Inc. Earnings Decline 70% In Q4

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

The company said its profit dropped to $22.88 million, or $0.20 per share. This was down from $77.07 million, or $0.67 per share, in last year's fourth quarter.

Analysts had expected the company to earn $0.30 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter fell 7.8% to $288.24 million. This was down from $312.57 million last year.

PTC Inc. earnings at a glance:

-Earnings (Q4): $22.88 Mln. vs. $77.07 Mln. last year. -Earnings Decline (Y-o-Y): -70.3% -EPS (Q4): $0.20 vs. $0.67 last year. -EPS Decline (Y-o-Y): -70.1% -Analysts Estimate: $0.30 -Revenue (Q4): $288.24 Mln vs. $312.57 Mln last year. -Revenue Change (Y-o-Y): -7.8%

-Guidance: Next quarter EPS guidance: $0.23 - $0.28 Next quarter revenue guidance: $285 - $290 Mln