PTC: Q1 Earnings Insights
Portfolio Pulse from Benzinga Insights
PTC (NASDAQ:PTC) reported Q1 earnings with an EPS of $1.11, beating estimates by 15.63% against the expected $0.96. Revenue increased by $84.30 million compared to the same period last year. Historically, PTC's share price has risen following earnings beats, such as the 5.35% increase after last quarter's results.
January 31, 2024 | 9:05 pm
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PTC reported a strong Q1 earnings beat with an EPS of $1.11, exceeding estimates by 15.63%, and a notable increase in revenue from the previous year.
Given PTC's history of share price increases following earnings beats, the Q1 report exceeding expectations by a significant margin is likely to result in a positive short-term impact on the stock price. The historical data suggests a pattern where the market reacts favorably to such earnings reports from PTC.
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IMPORTANCE 90
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