Ansys: 3Q Earnings Snapshot
CANONSBURG, Pa. (AP) _ Ansys Inc. (ANSS) on Wednesday reported third-quarter net income of $89.3 million.
The Canonsburg, Pennsylvania-based company said it had profit of $1.04 per share. Earnings, adjusted for stock option expense and non-recurring costs, were $1.31 per share.
The results surpassed Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $1.04 per share.
The maker of engineering-simulation software posted revenue of $289.4 million in the period. Its adjusted revenue was $293 million, also exceeding Street forecasts. Three analysts surveyed by Zacks expected $283.7 million.
For the current quarter ending in December, Ansys expects its per-share earnings to range from $1.39 to $1.55. Analysts surveyed by Zacks had forecast adjusted earnings per share of $1.48.
The company said it expects revenue in the range of $352 million to $372 million for the fiscal fourth quarter. Analysts surveyed by Zacks had expected revenue of $366 million.
Ansys expects full-year earnings in the range of $5.25 to $5.41 per share, with revenue ranging from $1.24 billion to $1.26 billion.
Ansys shares have risen slightly more than 8 percent since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $159.80, a rise of 5 percent in the last 12 months.