PTC Inc.: Fiscal Q4 Earnings Snapshot

BOSTON (AP) — BOSTON (AP) — PTC Inc. (PTC) on Wednesday reported fiscal fourth-quarter profit of $157.3 million.

The Boston-based company said it had profit of $1.44 per share. Earnings, adjusted for one-time gains and costs, came to $2.03 per share.

The results topped Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of $2 per share.

The product development software maker posted revenue of $673.3 million in the period, also topping Street forecasts. Five analysts surveyed by Zacks expected $657.6 million.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on PTC at https://www.zacks.com/ap/PTC