PTC Q4 Adj $1.20 Beats $1.14 Estimate, Sales $546.62M Miss $557.97M Estimate
Portfolio Pulse from Benzinga Newsdesk
PTC reported Q4 earnings of $1.20 per share, beating the analyst consensus estimate of $1.14 by 5.26%. However, this is a 5.51% decrease from the same period last year. The company's quarterly sales were $546.62 million, missing the analyst consensus estimate of $557.97 million by 2.03%, but showing a 7.62% increase from the same period last year.
November 01, 2023 | 8:30 pm
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PTC's Q4 earnings beat estimates but showed a YoY decrease, while sales missed estimates but increased YoY.
PTC's mixed Q4 results, with earnings beating estimates but decreasing YoY, and sales missing estimates but increasing YoY, could lead to uncertainty among investors, potentially causing short-term volatility in the stock price.
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