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Technology Stocks : PTC
PTC 197.36-0.3%Oct 30 3:59 PM EDT

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To: SEAL#6 who started this subject4/17/2001 8:40:45 AM
From: Paul Lee   of 3646
 
Parametric earnings in line with forecasts


NEEDHAM, Mass. (Reuters) - U.S. manufacturing and engineering software maker Parametric Technology Corp. said Tuesday its fiscal second-quarter earnings were in line with Wall Street estimates and revenues were above the consensus expectation.

For the quarter ended March 31, the company earned $17.6 million, or 7 cents a share, compared with a loss of $5.85 million, or 2 cents a share, in the same quarter last year. Earnings exclude non-recurring charges of $14.8 million related to the writedown of some technology and investments.

Analysts had expected the company to earn 7 cents a share, according to Thomson Financial/First Call, which calculates a consensus of analysts's forecasts.

Revenues for the quarter reached $245.1 million, compared with the consensus expectation of $240.37 million but higher than the $227.3 million the company reported for the same period last year.
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