PTC Q3 Adj EPS $0.99 Misses $1.00 Estimate, Sales $542.34M Beat $525.74M Estimate
Portfolio Pulse from saritha@benzinga.com
PTC reported Q3 earnings of $0.99 per share, missing the analyst consensus estimate of $1.00 by 1 percent. However, the company's quarterly sales of $542.34 million beat the analyst consensus estimate of $525.74 million by 3.16 percent. This represents a 17.27 percent increase over sales from the same period last year.
July 26, 2023 | 8:03 pm
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NEUTRAL IMPACT
PTC's Q3 earnings per share missed estimates, but sales exceeded expectations, indicating mixed financial performance.
PTC's earnings per share fell short of analyst estimates, which could negatively impact investor sentiment. However, the company's sales exceeded expectations, which could offset some of the negative impact. The net effect on the stock price is uncertain in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100