Earnings Roundup: ANSYS (NASDAQ:ANSS), (NASDAQ:ACIW), (NYSE:BBY)

Technology Stocks News 18

ANSYS (NASDAQ:ANSS) reported Q4 revenue of $236.7 million, about in line with the analyst consensus of $237 million on Capital IQ. EPS was $0.96, a dime better than the Street view.

For Q1, the company guided for revenue of $212 to $220 million and EPS of $0.73 to $0.76, vs. Street estimates of $217 million in revenue and earnings of $0.76 per share.

For FY 2014, the company expects revenue in the range of $939 to $969 million and EPS of $3.25 to $3.37, vs. estimates of $949 million in revenue and earnings of $3.32 per share.

IT services company ACI Worldwide Inc. (NASDAQ:ACIW) reports Q4 2013 non-GAAP diluted EPS of $1.41, up from $1.37 a year earlier. On average, analysts polled by Capital IQ called for non-GAAP diluted EPS of $1.42.

Revenue increased 26% to $283 million, in line with the analyst forecast.

The company estimates revenue will be in the range of $1.06 billion to $1.08 billion for 2014 and $220 million to $230 million in Q1. Analysts are looking for $1.06 billion for 2014 and $233 million for Q1.

Shares in Best Buy (NYSE:BBY) were up 8% in pre-market trade Thursday after the retailer reported mixed Q4 results, beating on adjusted EPS, but missing on revenue and warning about the negative impact of recent changes to its business model.

Adjusted earnings for the quarter ending February 1 dropped to $1.24 from $1.47 a year ago, beating the consensus forecast of $1.01, according to Capital IQ.

Revenue declined to $14.47 billion from $14.92 billion a year ago, below forecasts for $14.7 billion.

“As we said in our holiday sales release, the fourth quarter was an environment of declining retail traffic, intense promotion, fewer holiday shopping days and severe weather,” Hubert Joly, Best Buy president and CEO said.

The company also warned that a higher than expected negative impact from the economics of its new credit card agreement and incremental year-over-year pricing investments, will cut 70 to 90 basis points off Q1 FY15.

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