Ansys posts higher quarterly profit; revises outlook downward
Ansys Inc.'s net income increased 12 percent in the January-March quarter on higher revenue, the Cecil-based software maker said.
Ansys said it expects net income of $2.24 to $2.36 a share for 2013. In February, the company predicted 2013 earnings of $2.25 to $2.41 a share.
Net income in the first quarter was $51.0 million, or 54 cents a share, compared with $45.5 million, or 48 cents a share, in the first quarter 2012.
Revenue was $197.7 million in the quarter, compared with $185.3 million the previous year.
Ansys' earnings beat analyst expectations, but revenue was lower than predicted.
Investors pushed the company's shares down $6.07 to $73.93 on the Nasdaq Stock Market.
Alex Nixon is a staff writer for Trib Total Media. He can be reached at 412-320-7928 or firstname.lastname@example.org.
Add Alex Nixon to your Google+ circles.
Show commenting policy
TribLive commenting policy
You are solely responsible for your comments and by using TribLive.com you agree to our Terms of Service.
We moderate comments. Our goal is to provide substantive commentary for a general readership. By screening submissions, we provide a space where readers can share intelligent and informed commentary that enhances the quality of our news and information.
While most comments will be posted if they are on-topic and not abusive, moderating decisions are subjective. We will make them as carefully and consistently as we can. Because of the volume of reader comments, we cannot review individual moderation decisions with readers.
We value thoughtful comments representing a range of views that make their point quickly and politely. We make an effort to protect discussions from repeated comments either by the same reader or different readers.
We follow the same standards for taste as the daily newspaper. A few things we won't tolerate: personal attacks, obscenity, vulgarity, profanity (including expletives and letters followed by dashes), commercial promotion, impersonations, incoherence, proselytizing and SHOUTING. Don't include URLs to Web sites.
We do not edit comments. They are either approved or deleted. We reserve the right to edit a comment that is quoted or excerpted in an article. In this case, we may fix spelling and punctuation.
We welcome strong opinions and criticism of our work, but we don't want comments to become bogged down with discussions of our policies and we will moderate accordingly.
We appreciate it when readers and people quoted in articles or blog posts point out errors of fact or emphasis and will investigate all assertions. But these suggestions should be sent via e-mail. To avoid distracting other readers, we won't publish comments that suggest a correction. Instead, corrections will be made in a blog post or in an article.
- UPMC buying New Castle-based Jameson Health System
- Mylan CEO Bresch sets sights on growth
- U.S. Steel to restructure Canadian subsidiary, halt 2 U.S. expansion projects
- Tobacco growers forced to find profits as buyout checks end in October
- 2 top executives at Dick’s Sporting Goods to retire
- Pa. considers $300,000 plan to clean polluted site in Kennedy
- Fed speculation fuels stock gains; Dow rises 100 points
- Congress: Safety agency mishandled GM recall
- UPS expects to hire up to 95K seasonal workers
- Casing cracks, not fracking, blamed for gas in water wells
- American Airlines agents vote to join union