PTC Q1 Adj EPS $1.11 Beats $0.96 Estimate, Sales $550.21M Beat $538.86M Estimate
Portfolio Pulse from Benzinga Newsdesk
PTC Inc. (NASDAQ:PTC) reported Q1 adjusted EPS of $1.11, surpassing the consensus estimate of $0.96 by 15.63%, and a 12.12% increase from $0.99 per share last year. Sales reached $550.21M, exceeding estimates of $538.86M by 2.11% and marking an 18.09% increase from $465.91M in the previous year.
January 31, 2024 | 9:02 pm
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POSITIVE IMPACT
PTC Inc. reported strong Q1 earnings and sales, beating analyst estimates on both fronts, indicating potential positive investor sentiment and stock price movement.
PTC's reported earnings and sales not only beat analyst estimates but also showed significant improvement from the previous year. This positive earnings report is likely to instill confidence in investors and could lead to an increase in the stock price in the short term as the market reacts to the better-than-expected financial performance.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100