U.S. Markets close in 5 hrs 21 mins

Ansys: 2Q Earnings Snapshot

CANONSBURG, Pa. (AP) _ Ansys Inc. (ANSS) on Monday reported second-quarter earnings of $109.8 million.

The Canonsburg, Pennsylvania-based company said it had net income of $1.28 per share. Earnings, adjusted for one-time gains and costs, came to $1.61 per share.

The results beat Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of $1.28 per share.

The maker of engineering-simulation software posted revenue of $368.6 million in the period. Its adjusted revenue was $370.5 million, which also beat Street forecasts. Six analysts surveyed by Zacks expected $338.5 million.

For the current quarter ending in October, Ansys expects its per-share earnings to range from $1.15 to $1.28. Analysts surveyed by Zacks had forecast adjusted earnings per share of $1.37.

The company said it expects revenue in the range of $320 million to $340 million for the fiscal third quarter. Analysts surveyed by Zacks had expected revenue of $341.2 million.

Ansys expects full-year earnings in the range of $5.98 to $6.28 per share, with revenue ranging from $1.46 billion to $1.5 billion.

Ansys shares have climbed 33% since the beginning of the year. In the final minutes of trading on Monday, shares hit $190.15, a rise of roughly 10% in the last 12 months.


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