Ansys: Q2 Earnings Snapshot

Associated Press Finance
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CANONSBURG, Pa. (AP) — CANONSBURG, Pa. (AP) — Ansys Inc. (ANSS) on Wednesday reported second-quarter earnings of $130 million.

On a per-share basis, the Canonsburg, Pennsylvania-based company said it had profit of $1.48. Earnings, adjusted for one-time gains and costs, were $2.50 per share.

The results topped Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $1.94 per share.

The maker of engineering-simulation software posted revenue of $594.1 million in the period, also topping Street forecasts. Three analysts surveyed by Zacks expected $550.8 million.

Ansys shares have fallen 14% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $313.63, a decline of slightly more than 8% 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