BEDFORD, Mass. (AP) _ Aspen Technology, Inc. (AZPN) on Wednesday reported a fiscal first-quarter loss of $11.2 million, after reporting a profit in the same period a year earlier.
On a per-share basis, the Bedford, Massachusetts-based company said it had a loss of 17 cents. Earnings, adjusted for one-time gains and costs, were $2.20 per share.
The results topped Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $1.23 per share.
The software maker posted revenue of $250.8 million in the period, which also beat Street forecasts. Three analysts surveyed by Zacks expected $228 million.
Aspen Technology expects full-year earnings in the range of $6.76 to $6.91 per share, with revenue in the range of $1.14 billion to $1.2 billion.
Aspen Technology shares have increased 63% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $248.40, an increase of 61% in the last 12 months.
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on AZPN at https://www.zacks.com/ap/AZPN
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