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Ansys: 3Q Earnings Snapshot

·1 min read

CANONSBURG, Pa. (AP) _ Ansys Inc. (ANSS) on Wednesday reported third-quarter earnings of $75.6 million.

The Canonsburg, Pennsylvania-based company said it had profit of 87 cents per share. Earnings, adjusted for one-time gains and costs, were $1.36 per share.

The results exceeded Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of $1.26 per share.

The maker of engineering-simulation software posted revenue of $367 million in the period. Its adjusted revenue was $369.1 million, which also beat Street forecasts. Five analysts surveyed by Zacks expected $366.6 million.

For the current quarter ending in December, Ansys expects its per-share earnings to range from $2.36 to $2.67. Analysts surveyed by Zacks had forecast adjusted earnings per share of $2.50.

The company said it expects revenue in the range of $542.3 million to $582.3 million for the fiscal fourth quarter. Analysts surveyed by Zacks had expected revenue of $366.6 million.

Ansys expects full-year earnings in the range of $6.09 to $6.40 per share, with revenue ranging from $1.61 billion to $1.65 billion.

Ansys shares have risen 28% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $329.25, a rise of 51% 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