01.05.2024 23:00:00 - dpa-AFX: Ansys Inc Q1 Profit Decreases, misses estimates
WASHINGTON (dpa-AFX) - Ansys Inc (ANSS) announced earnings for first quarter
that decreased from the same period last year and missed the Street estimates.
The company's earnings came in at $34.78 million, or $0.40 per share. This
compares with $100.62 million, or $1.15 per share, in last year's first quarter.
Excluding items, Ansys Inc reported adjusted earnings of $122.00 million or
$1.39 per share for the period.
Analysts on average had expected the company to earn $1.91 per share, according
to figures compiled by Thomson Reuters. Analysts' estimates typically exclude
special items.
The company's revenue for the quarter fell 8.4% to $466.61 million from $509.45
million last year.
Ansys Inc earnings at a glance (GAAP) :
-Earnings (Q1): $34.78 Mln. vs. $100.62 Mln. last year.
-EPS (Q1): $0.40 vs. $1.15 last year.
-Revenue (Q1): $466.61 Mln vs. $509.45 Mln last year.
Copyright(c) 2024 RTTNews.com. All Rights Reserved
Copyright RTT News/dpa-AFX