PTC Q2 Adj $1.46 Beats $1.23 Estimate, Sales $603.00M Beat $576.50M Estimate
Portfolio Pulse from Benzinga Newsdesk
PTC Inc. (NASDAQ:PTC) reported Q2 earnings of $1.46 per share, surpassing the consensus estimate of $1.23 by 18.7%. Quarterly sales were $603M, exceeding estimates of $576.5M by 4.6%. This represents a 25.86% increase in earnings and an 11.22% increase in sales from the same period last year.
May 01, 2024 | 8:02 pm
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PTC Inc. reported a significant beat on both earnings and sales estimates for Q2, with a notable year-over-year growth in both metrics.
PTC Inc.'s earnings and sales beat are likely to positively impact investor sentiment in the short term. The substantial beat on both top and bottom lines, coupled with significant year-over-year growth, suggests operational efficiency and market strength. This performance could lead to upward price movements as investors react to the company's better-than-expected financial health.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100