PTC Announces Third Quarter Fiscal Year 2019 Results
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PTC Inc. (PTC) PT Lowered to $100 at Mizuho Securities
July 25, 2019 6:22 AM EDTMizuho Securities analyst Matthew Broome lowered the price target on PTC Inc. (NASDAQ: PTC) to $100.00 (from $120.00) while maintaining a Buy rating.
The analyst commented, "Disappointing F3Q, with FX-adjusted license and subs bookings at the low-end of guidance, full-year bookings and... More
PTC (PTC) Tops Q3 EPS by 2c; 'Resets' FY19 EPS & Revenue Outlook Below Consensus, Offers Q4 EPS/Revenue Guidance
July 24, 2019 4:08 PM EDTPTC (NASDAQ: PTC) reported Q3 EPS of $0.36, $0.02 better than the analyst estimate of $0.34. Revenue for the quarter came in at $322 million versus the consensus estimate of $320.73 million.
(1) We adopted ASC 606 on October 1, 2018, which impacted our reported financial results, including the timing and classification of revenue. For comparability purposes, and unless otherwise specified, the amounts included in the commentary below refer to results under ASC 605, as shown in our financial statements, including the notes thereto.
We delivered solid... More
