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PTC Inc. Q3 adjusted earnings Beat Estimates

(RTTNews) - PTC Inc. (PTC) released earnings for its third quarter that increased from last year.

The company's profit came in at $51.20 million, or $0.43 per share. This compares with $34.68 million, or $0.30 per share, in last year's third quarter.

Excluding items, PTC Inc. reported adjusted earnings of $98.02 million or $0.83 per share for the period.

Analysts had expected the company to earn $0.63 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 23.9% to $435.67 million from $351.72 million last year.
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