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ANSS Beats; Cuts ཅ Outlook

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February 26, 2009 |Comments: 0
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ANSS

Ansys Inc.'s (ANSS) fourth-quarter earnings topped the consensus, but the engineering simulation software manufacturer cut its outlook for 2009.

Shares were down to a 52-week low today.

The company's profit for the fourth quarter was 50 cents a share, excluding items. Analysts had projected a profit of 42 cents. Revenue jumped by about 29% to $143.3 million.

Ansys now forecasts earnings of $1.54 to $1.85 a share, excluding items, this year. Earlier in November, the company expected earnings between $1.84 and $1.90 a share for 2009. Analysts expect the company to earn a profit of $1.75.

The company is a Zacks #3 Rank ("Hold").

Read the full analyst report on ANSS

 
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