Parametric Technology Lowers Q2 Forecast

Parametric Technology Corp (NASDAQ: PMTC) lowered its second-quarter forecast.

Parametric Technology now projects Q2 adjusted earnings of $0.26 to $0.28 per share on revenue of $300 million, versus its earlier forecast of $0.32 to $0.36 per share on revenue between $305 million and $320 million.

Parametric Technology projects Q2 license revenue of around $75 million, versus $89.1 million in the prior quarter.

Parametric Technology shares closed at $27.20 yesterday.

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