Ansys beats Street 4Q forecasts

CANONSBURG, Pa. (AP) _ Ansys Inc. (ANSS) on Wednesday reported fourth-quarter earnings of $70 million.

The Canonsburg, Pennsylvania-based company said it had profit of 80 cents per share. Earnings, adjusted for one-time gains and costs, came to 98 cents per share.

The results topped Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of 96 cents per share.

The maker of engineering-simulation software posted revenue of $270.6 million in the period, also beating Street forecasts. Six analysts surveyed by Zacks expected $267.5 million.

For the year, the company reported profit of $265.6 million, or $2.99 per share. Revenue was reported as $988.5 million.

For the current quarter ending in April, Ansys expects its per-share earnings to range from 81 cents to 85 cents.

The company expects full-year earnings in the range of $3.63 to $3.83 per share.

Ansys shares have increased slightly more than 9 percent since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $101.08, an increase of 14 percent 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 ANSS at https://www.zacks.com/ap/ANSS

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Keywords: Ansys, Earnings Report

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