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Ansys: 3Q Earnings Snapshot

November 7, 2018

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.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on ANSS at https://www.zacks.com/ap/ANSS

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