FX.co ★ Altair Engineering Inc. Q2 Earnings Summary

Altair Engineering Inc. (ALTR) has reported its earnings highlights for the second quarter.

The company posted a net loss of $5.15 million for Q2, compared to a net loss of $22.28 million in the same period last year. On a per-share basis, the loss was $0.06, improving from $0.28 per share in the previous year’s second quarter. After adjusting for certain items, Altair Engineering Inc. achieved adjusted earnings of $14.82 million, or $0.16 per share for the quarter, which slightly surpassed analysts' projections of $0.15 per share.

Revenue for the second quarter stood at $148.80 million, up from $141.16 million in the same period last year.

### Guidance

For the next quarter, Altair Engineering projects its revenue to be between $145 million and $148 million. For the full year, the company anticipates revenue in the range of $648 million to $658 million.