CANONSBURG, Pa. (AP) _ Ansys Inc. (ANSS) on Wednesday reported first-quarter earnings of $72.4 million.
The Canonsburg, Pennsylvania-based company said it had profit of 82 cents per share. Earnings, adjusted for one-time gains and costs, came to $1.12 per share.
The results exceeded Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of 85 cents per share.
The maker of engineering-simulation software posted revenue of $363.2 million in the period. Its adjusted revenue was $372.1 million, also topping Street forecasts. Five analysts surveyed by Zacks expected $352.7 million.
For the current quarter ending in July, Ansys expects its per-share earnings to range from $1.43 to $1.67. Analysts surveyed by Zacks had forecast adjusted earnings per share of $1.54.
The company said it expects revenue in the range of $415 million to $445 million for the fiscal second quarter. Analysts surveyed by Zacks had expected revenue of $431.3 million.
Ansys expects full-year earnings in the range of $6.69 to $7.10 per share, with revenue ranging from $1.81 billion to $1.88 billion.
Ansys shares have dropped slightly more than 2% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $355.49, an increase of 36% 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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