Benzinga Pro data, Altair Engineering (NASDAQ:ALTR) reported Q2 sales of $132.66 million. Earnings fell to a loss of $33.77 million, resulting in a 392.97% decrease from last quarter.
On average, software companies beat Q2 revenue estimates by 2% and profitability expectations by 5%, RBC analyst Matthew Hedberg said.
Q3 was guided lower for both revenue and profitability while stocks moved on average 2.1% higher the day following earnings.
Altair Engineering (NASDAQ:ALTR) reported quarterly earnings of $0.13 per share which beat the analyst consensus estimate of $0.09 by 44.44 percent. This is a 85.71 percent increase over earnings of $0.07 per share from