PTC Addresses Expected 1st Quarter Results.

Publication: PR Newswire

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COPYRIGHT 2002 PR Newswire Association LLC

Company Extends Filing of Form 10-K

PTC , the product development company(TM), today announced that it expects revenue for the fiscal 2003 first quarter ended December 28, 2002 to be between $171 and $175 million, which is below the $180 million target the Company had identified on its October 15, 2002 earnings call. The Company expects pro forma earnings (loss) per share for the first quarter to be between ($0.02) and ($0.04), which is below Company guidance of $0.00. First quarter pro forma earnings exclude amortization of intangible assets. Actual earnings (loss) per share is expected to be between ($0.03) and ($0.05).

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