Parametric Technology (PMTC) -16.2% premarket after the software developer lowers its Q2...


Parametric Technology (PMTC) -16.2% premarket after the software developer lowers its Q2 forecast. PMTC says license revenue was impacted by a large transaction in Europe that did not close and lower than expected results in North America. It now expects Q2 EPS of $0.26-$0.28 on revenue of $300M, down from earlier guidance of $0.32-$0.36 and $305M-$320M.

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