Parametric Technology Shares Soared: What You Need to Know

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Although we don't believe in timing the market or panicking over market movements, we do like to keep an eye on big changes -- just in case they're material to our investing thesis.

What: Shares of Parametric Technology (NAS: PMTC) have soared today, up by as much as 20% after the company reported strong first-quarter results.

So what: Revenue in the quarter jumped 20% to $319.8 million, which turned into $0.35 earnings per share by the time you get to the bottom line. Both results handily bested consensus estimates, which were looking for $313.6 million up top and $0.31 per share down below.

Now what: CEO James Heppelmann said PTC was off to a good start with the year, as revenue sits at the high end of the company's own guidance, while earnings per share exceeded its expectations. It gets better, as full-year 2012 is expected to bring in $1.31 billion to $1.33 billion in revenue, along with profit of $1.58 to $1.62 per share. That revenue guidance is mostly in line, but the profit view tops consensus estimates.

Interested in more info on Parametric Technology? Add it to your watchlist byclicking here.

At the time this article was published Fool contributor Evan Niu holds no position in any company mentioned. Click here to see his holdings and a short bio. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

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