BOSTON (AP) _ PTC Inc. (PTC) on Wednesday reported fiscal first-quarter profit of $46.1 million.
The Boston-based company said it had profit of 39 cents per share. Earnings, adjusted for one-time gains and costs, were 95 cents per share.
The results missed Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $1 per share.
The product development software maker posted revenue of $457.7 million in the period, also missing Street forecasts. Four analysts surveyed by Zacks expected $464.9 million.
PTC Inc. expects full-year revenue in the range of $1.85 billion to $1.98 billion.
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
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