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July 19, 2017, 5:18 p.m. EDT

PTC shares fall after hours on weak outlook

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By Wallace Witkowski

PTC

PTC Inc. /zigman2/quotes/202034776/composite PTC +1.98% shares dropped in the extended session Wednesday after the internet-of-things software company's forecast earnings range fell mostly on the low side of Wall Street estimates. PTC shares fell 11% to $52.49 after hours. The company forecast fiscal fourth-quarter earnings of 33 cents to 38 cents a share on revenue of $303 million to $308 million. Analysts surveyed by FactSet estimate 37 cents a share on revenue of $309 million. The company reported adjusted third-quarter earnings of 28 cents a share on revenue of $291.3 million. Analysts had estimated earnings of 28 cents a share on revenue of $290.6 million.

/zigman2/quotes/202034776/composite
US : U.S.: Nasdaq
$ 76.38
+1.48 +1.98%
Volume: 920,551
May 29, 2020 4:00p
P/E Ratio
234.44
Dividend Yield
N/A
Market Cap
$8.84 billion
Rev. per Employee
$207,715
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