PTC Shares Up 7% Despite Disappointing Q3 Results 
<p><a href='https://financialmodelingprep.com/financial-summary/PTC'>PTC Inc. (NASDAQ:PTC)</a> shares rose more than 7% on Thursday despite the company’s reported disappointing Q3 results, with revenue, operating margin, and EPS results coming in below the Street estimate due to currency headwinds and ASC 606 revenue recognition.</p>
<p>EPS was $0.97, worse than the Street estimate of $1.07. Revenue came in at $462 million, compared to the Street estimate of $473.82 million.</p>
<p>Demand was broad-based, with ARR growth (ex-FX) accelerating across all segments. Notably, Growth segment (IoT/AR) ARR growth improved (up 19% year-over-year ex-FX). However, the CEO admitted that the current macro environment does not support more than 20% year-over-year ARR growth.</p>
<p>The company expects full 2022-year revenue in the range of $1.9-1.95 million, compared to the Street estimate of $1.94 million.</p>

NASDAQ:PTC