PTC (PTC) Tops Q1 EPS by 15c, Revenues Beat; Offers 2Q19 & FY19 EPS/Revenue Outlook Below Consensus

PTC (NASDAQ: PTC) reported Q1 EPS of $0.56, $0.15 better than the analyst estimate of $0.41. Revenue for the quarter came in at $335 million versus the consensus estimate of $324.65 million.

“Our financial performance in the first quarter was solid, with revenue, operating margin and EPS results exceeding our expectations,” said James Heppelmann, President and CEO. “We continued to make important strides against our major strategic initiatives during the quarter, most notably, we successfully completed our transition to a subscription business model.”

GUIDANCE:

PTC sees FY2019 EPS of $1.35-$1.70, versus the consensus of $1.73. PTC sees FY2019 revenue of $1.245-1.295 billion, versus the consensus of $1.34 billion.

PTC sees Q2 2019 EPS of $0.15-$0.17, versus the consensus of $0.39. PTC sees Q2 2019 revenue of $283-298 million, versus the consensus of $325.01 million.

For earnings history and earnings-related data on PTC (PTC) click here.

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