PTC Sees FY24 Adj. EPS $4.85-$5.21 Vs $4.92 Est.; Revenue $2.27B-$2.32B Vs $2.306B Est.
Portfolio Pulse from Benzinga Newsdesk
PTC has released its financial guidance for FY24, projecting adjusted EPS between $4.85 and $5.21, compared to the estimated $4.92. The company also expects revenue to be in the range of $2.27 billion to $2.32 billion, against the estimated $2.306 billion.
July 31, 2024 | 8:05 pm
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PTC's FY24 financial guidance shows a range for adjusted EPS and revenue that is close to or slightly above market estimates. This could indicate stable or slightly positive investor sentiment.
PTC's projected adjusted EPS and revenue are close to or slightly above market estimates, which could lead to a positive short-term impact on the stock price as it suggests the company is performing in line with or slightly better than expectations.
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