A number of stocks fell in the afternoon session after the White House announced a new round of steep global tariffs, sparking concerns of a trade war and its impact on the U.S. and global economies. This move creates significant uncertainty for businesses and investors. The new tariffs, with rates of up to 41% on imports from 68 countries and the European Union, prompted a broad market sell-off, with the tech-heavy Nasdaq index showing notable weakness. Adding to the bearish sentiment was a weaker-than-expected July jobs report, which revealed that employers created only 73,000 jobs, far below economists' expectations. This combination of trade fears and signs of a slowing labor market has created a "risk-off" environment, leading investors to pull back from growth-oriented sectors like software and technology.
Shares of engineering and design software provider PTC (NASDAQ:PTC) jumped 6.9% in the afternoon session after the company reported strong third-quarter fiscal 2025 results that beat analyst expectations and led to a raised full-year outlook. The design software provider reported that its revenue grew 24% year-over-year to $644 million. Net income surged a remarkable 104.9%, which marked its highest level for a fiscal third quarter in over two decades. In response to the strong quarter, PTC lifted its full-year forecast for key financial metrics including revenue, free cash flow, and earnings per share. The positive results arrived amid broader strength in the software-as-a-service sector. The news prompted positive reactions from Wall Street, and the stock reached an all-time high.
Stay informed about the performance of the S&P500 index in the middle of the day on Thursday. Uncover the top gainers and losers in today's session for valuable insights.
Engineering and design software provider PTC (NASDAQ:PTC) reported Q2 CY2025 results exceeding the market’s revenue expectations, with sales up 24.2% year on year to $643.9 million. On top of that, next quarter’s revenue guidance ($755 million at the midpoint) was surprisingly good and 5.6% above what analysts were expecting. Its GAAP profit of $1.17 per share was 45.8% above analysts’ consensus estimates.
After the conclusion of the US market's regular session on Wednesday, let's examine the after-hours session and unveil the notable S&P500 performers among the top gainers and losers.
PTC Inc (NASDAQ:PTC) excels in quality investing with strong revenue growth, high ROIC, solid cash flow, and competitive edges in PLM and industrial IoT software.
Shares of engineering and design software provider PTC (NASDAQ:PTC) fell 5.4% in the morning session after a report revealed that fellow software firm Autodesk (ADSK) would no longer pursue an acquisition of the company.
Shares of design software company Autodesk (NASDAQ:ADSK)
jumped 4.9% in the morning session after the company stated its confidence in its strategic plan to drive long-term shareholder value while calling off the proposed acquisition of PTC.
Before the US market kicks off on Monday, let's examine the pre-market session and unveil the notable performers among the S&P500 top gainers and losers.
