PTC Inc (PTC) Releases Earnings Results, Misses Expectations By $-0.05 EPS

PTC Inc (PTC) reported quarterly earnings results on Wednesday, Jul-20-2016. The company reported $0.26 earnings per share for the quarter, missing the analyst consensus estimate by $-0.05. Analysts had a consensus of $0.31. The company posted revenue of $288.65 million in the period, compared to analysts expectations of $288.47 million. The company’s revenue was down -4.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.53 EPS.

PTC Inc opened for trading at $38.75 and hit $39.115 on the upside on Monday, eventually ending the session at $38.94, with a gain of 0.54% or 0.21 points. The heightened volatility saw the trading volume jump to 6,42,477 shares. Company has a market cap of $4,463 M.

In a different news, on Jun 1, 2016, Barry F Cohen (EVP Strategy) sold 30,000 shares at $35.77 per share price. According to the SEC, on May 4, 2016, James E Heppelmann (President and CEO) sold 25,000 shares at $36.53 per share price. On May 4, 2016, Robert C Gremley (EVP, Technology Platform Group) sold 3,978 shares at $36.53 per share price, according to the Form-4 filing with the securities and exchange commission.

PTC Inc. develops and delivers technology solutions comprised of software and services that transform the way customers create and service their products The Company operates in two Software Products which includes license and related support revenue for all its products except training-related products and Services which includes consulting implementation training and license and support revenue for computer-based training products. The Company’s solutions and software products include Computer-Aided Design (CAD) Product Lifecycle Management (PLM) Application Lifecycle Management (ALM) Supply Chain Management (SCM) and Service Lifecycle Management (SLM). The Company generates revenue through the sale of software licenses support and services.


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