PTC Sees Q4 EPS $0.95-$1.25 Vs $1.14 Est.; Revenue $540M-$570M Vs $561.29M Est.; FY23 EPS $4.07-$4.38 Vs $4.29 Est.; Revenue $2.09B-$2.12B Vs $2.11B Est.
Portfolio Pulse from Benzinga Newsdesk
PTC has released its Q4 and FY23 financial results. The company reported Q4 EPS of $0.95-$1.25, compared to an estimate of $1.14, and revenue of $540M-$570M, compared to an estimate of $561.29M. For FY23, PTC expects EPS of $4.07-$4.38, compared to an estimate of $4.29, and revenue of $2.09B-$2.12B, compared to an estimate of $2.11B. The company's Q4 and FY23 results were impacted by increased interest expense and a non-cash tax charge.
November 01, 2023 | 8:52 pm
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PTC's Q4 and FY23 financial results were below estimates. The company's earnings were impacted by increased interest expense and a non-cash tax charge.
PTC's Q4 and FY23 earnings were below estimates, which could negatively impact the company's stock price. Additionally, the company's earnings were impacted by increased interest expense and a non-cash tax charge, which could further negatively impact the stock price.
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