Why PTC Stock Skyrocketed Higher Today

Shares of PTC (NASDAQ: PTC), a software and services company, jumped today after it reported better-than-expected second-quarter results. PTC beat analysts' consensus estimates for both revenue and earnings. 

The tech stock was up by 17.4% as of 2:39 p.m. ET.  

PTC reported sales of $505.2 million, up 9% from the year-ago quarter, which blew past Wall Street's expectation of $484.1 million for the quarter.

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Source Fool.com