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Ansys Shoots Higher on Profit Jump

Stock quotes in this article: ANSS , MSCS , ADSK  

SAN FRANCISCO -- Shares of Ansys(ANSS Quote) jumped after the company beat third-quarter earnings estimates Thursday and issued guidance in line with the Street's expectations.

Profit at the Canonsburg, Pa., engineering-software developer rose 38% to $25.8 million, or 29 cents a share, from $18.7 million, or 23 cents a share, in the year-ago period.

Excluding items, the company earned 43 cents a share. Analysts were expecting 37 cents a share, according to Thomson Reuters.

Shares of Ansys were recently up $4.02, or 15.2%, to $30.54. ...

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