Aspen Technology (AZPN) Lags Q1 Earnings and Revenue Estimates

Aspen Technology (AZPN) came out with quarterly earnings of $0.85 per share, missing the Zacks Consensus Estimate of $1.51 per share. This compares to earnings of $1.16 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -43.71%. A quarter ago, it was expected that this software maker would post earnings of $2.08 per share when it actually produced earnings of $2.37, delivering a surprise of 13.94%.Over the last four quarters, the ...