PTC Q3 2024 Adj. EPS $0.98 Beats $0.96 Estimate, Sales $519.000M Miss $533.536M Estimate
Portfolio Pulse from Benzinga Newsdesk
PTC (NASDAQ:PTC) reported Q3 2024 adjusted EPS of $0.98, beating the analyst estimate of $0.96. However, sales were $519 million, missing the $533.536 million estimate and showing a 4.30% decrease from the same period last year.
July 31, 2024 | 8:03 pm
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PTC reported Q3 2024 adjusted EPS of $0.98, beating the $0.96 estimate, but sales of $519 million missed the $533.536 million estimate and decreased by 4.30% YoY.
While PTC's EPS beat expectations, the miss on sales and the YoY decline in revenue could create mixed sentiment among investors. The positive EPS might provide some support, but the sales miss and decline could limit any significant upward movement in the stock price.
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