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Parametric Tech Blows Away Estimates
SAN FRANCISCO -- Parametric Tech(PMTC Quote) beat Wall Street earnings expectations Wednesday and announced the acquisition of a German software company.
The engineering software company reported revenue of $266.7 million, up 8.6% from $245.5 million a year earlier. Analysts were expecting $246 million, according to Thomson Financial.
Net income rose to $36.1 million, or 31 cents a share, from $28.1 million , or 24 cents a share, a year earlier.
Excluding items, EPS was 38 cents. Analysts were expecting 26 cents a share. ...
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