BOSTON (AP) _ PTC Inc. (PTC) on Wednesday reported fiscal first-quarter earnings of $35.5 million.

On a per-share basis, the Boston-based company said it had profit of 31 cents. Earnings, adjusted for one-time gains and costs, were 57 cents per share.

The results beat Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of 45 cents per share.

The product development software maker posted revenue of $356.1 million in the period, also exceeding Street forecasts. Six analysts surveyed by Zacks expected $345.9 million.

PTC Inc. expects full-year earnings in the range of $2.15 to $2.65 per share.

PTC Inc. shares have increased roughly 7% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $79.91, a fall of almost 7% in the last 12 months.

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on PTC at https://www.zacks.com/ap/PTC

Automated Insights, source Associated Press News