PTC Inc is a leading technology company that specializes in providing software solutions for product design, development, and lifecycle management. It focuses on helping businesses in various industries innovate and improve their product performance through advanced technologies such as augmented reality, Internet of Things (IoT), and computer-aided design (CAD). PTC's platform enhances collaboration and efficiency in engineering and manufacturing processes by enabling organizations to connect their physical and digital worlds, ultimately driving better decision-making and faster time-to-market for products.
The end of the earnings season is always a good time to take a step back and see who shined (and who not so much). Let’s take a look at how design software stocks fared in Q3, starting with Autodesk (NASDAQ:ADSK).
As the Q3 earnings season wraps, let’s dig into this quarter’s best and worst performers in the design software industry, including Procore (NYSE:PCOR) and its peers.
As the Q3 earnings season wraps, let’s dig into this quarter’s best and worst performers in the design software industry, including Cadence (NASDAQ:CDNS) and its peers.
Engineering and design software provider PTC (NASDAQ:PTC) met Wall Street’s revenue expectations in Q3 CY2024, with sales up 14.6% year on year to $626.5 million. On the other hand, next quarter’s revenue guidance of $555 million was less impressive, coming in 8.8% below analysts’ estimates. Its GAAP profit of $1.04 per share was 4.6% above analysts’ consensus estimates.
Oppenheimer has initiated coverage on Larimar Therapeutics, emphasizing its lead program Nomlabofusp as a transformative therapy for Friedreich's ataxia. With a price target of $26, the company plans to submit for FDA approval in late 2025, addressing a critical patient demographic.
NEW YORK, Oct. 02, 2024 (GLOBE NEWSWIRE) -- Vimeo (NASDAQ: VMEO), the world’s most innovative video experience platform for creators and enterprises, today appointed Charlie Ungashick as Chief Marketing Officer. Ungashick, who has supported the brand as interim CMO since January 2024, will oversee the brand’s comprehensive marketing efforts across the consumer and commercial channels as Vimeo integrates leading-edge AI capabilities to deliver value for businesses, creators and video professionals globally. He will also lead and produce the company’s first customer conference, Vimeo REFRAME, later this month.
