Aspen Technology: Fiscal Q4 Earnings Snapshot

BEDFORD, Mass. (AP) — BEDFORD, Mass. (AP) — Aspen Technology, Inc. (AZPN) on Tuesday reported fiscal fourth-quarter earnings of $27.3 million.

On a per-share basis, the Bedford, Massachusetts-based company said it had net income of 42 cents. Earnings, adjusted for one-time gains and costs, came to $2.13 per share.

The results missed Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $2.19 per share.

The software maker posted revenue of $320.6 million in the period, which also missed Street forecasts. Three analysts surveyed by Zacks expected $324.8 million.

For the year, the company reported a loss of $107.8 million, or $1.67 per share, swinging to a loss in the period. Revenue was reported as $1.04 billion.

Aspen Technology shares have decreased 12% since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $180.71, a fall of 12% 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 AZPN at https://www.zacks.com/ap/AZPN