PTC Inc. said its normalized net income for the fiscal first quarter ended Jan. 2 came to 10 cents per share, compared with the S&P Capital IQ consensus estimate of 44 cents per share.
EPS fell 49.5% year over year from 20 cents.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $11.8 million, a decrease of 50.7% from $23.8 million in the year-earlier period.
The normalized profit margin dropped to 4.0% from 7.3% in the year-earlier period.
Total revenue fell 10.6% on an annual basis to $291.0 million from $325.4 million, and total operating expenses fell 6.4% from the prior-year period to $266.0 million from $284.1 million.
Reported net income came to a loss of $24.0 million, or a loss of 21 cents per share, compared to income of $30.4 million, or 26 cents per share, in the year-earlier period.
