Industrial software maker PTC trims annual forecast amid tariff concerns

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(Reuters) - PTC cut its full-year revenue and adjusted earnings forecasts on Wednesday amid increasing competition and fears over President Donald Trumps tariff policy, which could result in fewer takers for its industrial and testing software. The company faces stiff competition from AutoDesk, Siemens and Dassault Systems. Initially set to take effect on Feb. 4, he agreed to a 30-day pause for tariffs on Mexico and Canada in return for concessions on its borders. PTC now expects adjusted earnings per share between $5.30 and $6.00 for the full year, below its previous estimate of between $5.60 and $6.30. PTC projected adjusted earnings per share of $1.30 to $1.50 for the quarter, compared with analysts estimate of $1.62.

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PTC

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